Savers in Nest, the low-cost pension scheme, will have to bear the costs of £1.4m fraud; The flagship pension provider established by the Goverment says it is 'vigorously' pursuing recovery of the money, but admits eventual losses will add to the costs born by savers

In what comes as an early blow to its reputation Nest, which stands for National Employment Savings Trust, has admitted that payments made from the scheme to a third party […]