NEST Corp defrauded out of £1.4m

The body lost a total of £1,446,000 in 2012/13 as a result of the attack, which involved the diversion of a supplier payment, though as the fraud was directed at NEST Corporation no money was taken from members' retirement pots. It said efforts were ongoing to recover the money with the collaboration of the Department for Work and Pensions, police and regulators. It added it had tightened its fraud controls and reviewed its business processes following the fraud. Elsewhere, NEST outlined the progress it had made since some firms fell under auto-enrolment obligations in October last ye...