Former company director denies pension fraud charges

Former company director, Nicholas Marks, has denied allegations he defrauded his workers’ pensions, pleading not guilty to both charges at Southwark Crown Court yesterday (8 May).

Marks was charged with one count of fraud by abuse of position in respect of employees of Clarity Products Ltd, and a further count in respect of employees of Lunar Automotive Ltd.

The charges were brought under Section 4 of the Fraud Act 2006, in a prosecution brought by The Pensions Regulator.

Marks previously appeared at Westminster Magistrates’ Court on the 10 April for the same charges.

A trial has been fixed for Monday 18 May 2026 at Southwark Crown Court.



Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

Advertisement Advertisement Advertisement