Trustees handed suspended sentences over illegal loans

Trustees charged with making illegal loans of £236,000 from company’s scheme to employer

Martin Richmond
clock • 1 min read
Trustees handed suspended sentences over illegal loans

Two former pension trustees have been handed suspended sentences for making illegal loans from a company scheme to the scheme’s employer after a prosecution brought by The Pensions Regulator (TPR).

Andrew Kyprianou and Colin Werb, who served as directors of Eastman Staples, admitted to two counts of making prohibited employer-related investments, in the form of two illegal loans from the East...

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