Trustees jailed for ten years over £13.7m pension scam

A total of 245 savers transferred their pots into fraudulent workplace schemes

Hope William-Smith
clock • 3 min read

Two former trustees have been sentenced to serve jail time for fraud by abuse of position as part of a criminal prosecution brought by The Pensions Regulator (TPR) at Southwark Crown Court on 22 April.

Alan Barratt of Althorne, Essex and Susan Dalton of Rochdale, Lancashire were found guilty of fraud by abuse of position in breach of the Fraud Act 2006 after they were accused by TPR of persuading 245 savers to transfer pension savings totalling £13.7m into ten fraudulent workplace pension schemes between 2012 and 2014.  These schemes were controlled by the defendants in their capacities as trustees across all ten of the UK-based schemes - positions they operated from Spain where they had both been living. Following a lengthy procedure including a High Court case and Barratt's extrad...

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