Office manager fined for withholding information in £13.75m scam investigation

Refused to cooperate

Hannah Godfrey
clock • 2 min read

A former office manager at Friendly Pension has been convicted of withholding information in a suspected £13.75m pension scam investigation.

Karen Turgut refused to give information to The Pensions Regulator (TPR) and failed to supply documents as part of the investigation into the master trust. She was ordered to pay more than £4,000 at Brighton magistrates' court after being convicted under section 72 of the Pensions Act 2004. The case is the third criminal conviction secured by TPR. Refused to cooperate The regulator first began investigating Friendly Pension in 2015 for misappropriated scheme funds and poor trustee governance. TPR staff wanted Turgut to answer questions and hand over documents about the activities...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read