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...

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Martin Richmond
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Martin Richmond

Senior Correspondent at Professional Pensions

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