ICAEW accountant fined for diverting £86k pension payments

A chartered accountant and financial controller managed the company pension and doubled his employer contributions to boost his remuneration as he had grievances against employer

Adrian Jones ACA, from Mansfield in Nottinghamshire, has been excluded from ICAEW membership for dishonesty and fined £7,000, plus £9,000 in costs, after paying additional employer pension contributions into his nominated pension fund totalling £86,954.36, and not paying any employee pension contributions.

The sanctions followed an ICAEW disciplinary tribunal which found Jones to be dishonest, having broken Disciplinary Bye-law 4.1a. Jones has been a member of the ICAEW since 1999 but does not currently hold a practising certificate.

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