Director disqualified for 12 years for £26m pension fraud

Kristian Brunt-Seymour
clock

A former owner of Carrington Wire Limited (CWL) has been banned from acting as a company director after helping the firm's parent company dump its defined benefit (DB) scheme.

The government's Insolvency Service disqualified Richard Williams, who bought the Yorkshire-based firm from Russian steel conglomerate OAO Severstal for £1, for 12 years. It found he had failed ...

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 Employee Benefits

Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Jonathan Stapleton
clock 11 February 2025 • 1 min read
How we won the WSB Awards 2024... Standard Life

How we won the WSB Awards 2024... Standard Life

Judges praised Standard Life for how it has empowered employers and engaged members

Workplace Savings & Benefits
clock 19 November 2024 • 2 min read
How we won the WSB Awards 2024... Fidelity International

How we won the WSB Awards 2024... Fidelity International

Judges praised Fidelity for its commitment to supporting clients and scheme members

Workplace Savings & Benefits
clock 18 November 2024 • 3 min read
Trustpilot