Former trustees to appear in crown court over illegal loans

Two accused of making prohibited loans and investments from a pension scheme

clock • 2 min read
Preston Crown Court
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Preston Crown Court

Two former pension trustees of the Worthington Employee Pension Top Up Scheme have been ordered to appear at Preston Crown Court in a prosecution brought forward by The Pensions Regulator (TPR).

The watchdog accused the former trustees of making five prohibited loans from the Worthington scheme and one prohibited investment with a combined value of £700,000, TPR said in a statement today. ...

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