SFO opens investigation into pension schemes, totalling £120m

Alleged fraud occurred between 2011 and 2017

Tom Ellis
clock • 2 min read

The Serious Fraud Office (SFO) has opened an investigation into a number of pension schemes totalling £120m.

More than 1,000 investors are thought to have been affected by the alleged fraud, which the SFO says took place between 2011 and 2017. Capita Oka Pension, Henley Retirement Benefits schemes, self-invested personal pensions (SIPPs), as well as other storage pod investment schemes, are being investigated. The SFO's investigation also includes the Westminster Pension Scheme and Trafalgar Multi Asset Fund, which invested in other products. The Pensions Regulator and the National Crime Agency are assisting the SFO, as well as other partners of Project Bloom - a multi-agency group set up...

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