From the courtroom: The £13.7m pension scam case

PP looks at how ten fake schemes saw 245 pension savers become victims of fraud

Hope William-Smith
clock • 9 min read

Last week, two former trustees were jailed for a total of ten years for their part in a £13.7m pensions liberation scam perpetrated, in large part, by a now-deceased businessman who employed them.

In Southwark Crown Court on 22 April, Judge Perrins acknowledged the overall defence argument presented for both Alan Barratt of Althorne, Essex and Susan Dalton of Rochdale, Lancashire - that they had not understood the role of a trustee nor the fiduciary duties that come hand in hand. PA's sister title Professional Pensions heard Judge Perrins deliver his sentence. He acknowledged that, while neither were the "mastermind" of the scam, their actions directly rendered them culpable for the losses felt by the 245 pension savers tricked into transferring their savings from legitimate workp...

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