Former trustee receives suspended sentence over illegal loans

Trustee handed suspended jail term over use of scheme funds to make five illegal loans

Martin Richmond
clock • 1 min read
Former trustee receives suspended sentence over illegal loans

A former trustee of the Worthington Employee Pension Top Up Scheme has been handed a suspended jail term after he admitted using scheme funds to make illegal loans.

In a prosecution brought by The Pensions Regulator (TPR), Stephen Smith, 65, of Broughton-in-Furness, was yesterday (4 January) handed a ten-month jail term at Burnley Crown Court, suspended for 12...

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 Law and Regulation

Robin Ellison – If only Rachel Reeves played golf

Robin Ellison – If only Rachel Reeves played golf

PP’s regular columnist wonders if latest change proposals will add value

Jonathan Stapleton
clock 29 August 2024 • 10 min read
Do recent cases suggest that TPR's enforcement task is becoming harder?

Do recent cases suggest that TPR's enforcement task is becoming harder?

Claire Carroll and Laura Norris consider the impact of TPR’s policy

Claire Carroll and Laura Norris
clock 28 August 2024 • 6 min read
Trustee meeting invitations – does your lawyer make the list?

Trustee meeting invitations – does your lawyer make the list?

Naomi Brown sets out five reasons to include lawyers in trustee meetings

Naomi Brown
clock 23 August 2024 • 4 min read
Trustpilot