Store pod salesmen embroiled in £100m pension fraud allegations

Laura Miller
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Salesmen selling investments in self-storage units have said they lied and forged documents to persuade investors to part with pensions worth £100m.

The money was invested in buying store pods from Lancashire-based Store First Ltd. Professional Adviser revealed last September that the self-storage industry's own trade body was warning investors about the risks of putting money into store pod investments with Store First, based on what it said were inaccuracies in the scheme's marketing material. The Self Storage Association UK (SSA UK) said it was concerned people may be investing unaware of the potential risks. The Financial Conduct Authority (FCA) issued a consumer alert last January naming store pods among other unregulated ...

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