Law360, London (September 3, 2019, 12:49 PM BST) -- A pension fund has been wound up by a court order after its trustees were found to have mismanaged retirement pots holding £14 million ($16.7 million) of savings and could have allowed a convicted fraudster to manage the fund.
Ecroignard Trustees Ltd. committed “numerous instances of misconduct” in its management of two pension funds, the Insolvency Service said.
The trustees of the Uniway Systems Retirement Benefits Scheme and the Genwick Retirement Benefits Scheme invested savers’ money in high-risk and illiquid assets without ensuring the investments were suitable for their members, the agency said after the fund was wound up by the High...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!