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
Southwark Crown Court in London

Southwark Crown Court in London

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 this afternoon (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...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now


Already a Professional Pensions member?


More on Regulation

Industry Voice: The new code of practice - we're all in this together

Industry Voice: The new code of practice - we're all in this together

Now is an ideal time for schemes to stop looking at governance in isolation

8,395 amber warning flags were raised between December 2021 and October 2022

DWP urged to overhaul pension transfer rules in bid to clarify amber flag rationale

Data from Maps shows the reasons for majority of amber flags were unclear

Martin Richmond
clock 12 January 2023 • 3 min read
David Fairs: Long-term planning and risk management remain key tenants of good scheme management across all market conditions

TPR sets out thinking as it prepares to launch second DB funding code consultation

David Fairs says long-term funding remains key part of the watchdog’s approach

David Fairs
clock 14 December 2022 • 4 min read