NEST chief Jones waives bonus over NEST fraud

clock

NEST Corporation chief executive Tim Jones has waived his right to any bonus payments in the 2012/13 financial year over the £1.4m fraud incurred by the organisation.

The fraud, which came through a diversion of a supplier payment, was revealed in its annual reports and accounts (PP Online, 16 July). NEST Corporation said the £1.4m fraud hit the trustee compa...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Should schemes be compelled to invest 25% of contributions in the UK?

Buzz: Should schemes be compelled to invest 25% of contributions in the UK?

Scheme UK investments, trustee boards and DB surpluses

Professional Pensions
clock 07 May 2025 • 1 min read
Intellica acquires Cosan Consulting

Intellica acquires Cosan Consulting

Combined business to deliver ‘smarter, faster and more integrated’ solutions to clients

Holly Roach
clock 07 May 2025 • 1 min read
Rising Star Awards 2025: One week left to nominate!

Rising Star Awards 2025: One week left to nominate!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 07 May 2025 • 2 min read
Trustpilot