TPR removes three trustees over suspected £14m scam

clock

The Pensions Regulator (TPR) has replaced three trustees who were deemed to be under the control of "shadow trustee" David Austin in a suspected £14m fraud.

The watchdog said it believed the trustees - Alan Barratt, Susan Dalton and Julie Hanson - had misappropriated funds and exercised poor trustee governance in relation to 17 schemes. Publishing d...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

PMI: Why a new pension system needs a new regulatory approach

PMI: Why a new pension system needs a new regulatory approach

Helen Forrest Hall says the future lies in regulating people rather than process

Helen Forrest Hall
clock 31 March 2026 • 4 min read
SPP: Covenant assessment under the new funding regime

SPP: Covenant assessment under the new funding regime

Guy Jackson says advisers and employers are now operating under a more structured framework

Guy Jackson
clock 24 March 2026 • 3 min read
House of Lords amendment will add scale test exemption for sub-sized DC schemes

House of Lords amendment will add scale test exemption for sub-sized DC schemes

Amendment will allow TPR to exempt schemes that prove they offer good value to members

Jonathan Stapleton
clock 23 March 2026 • 2 min read
Trustpilot