The Pensions Regulator’s investigation into a "multi-million-pound" pension fraud has continued today (13 April), as the defendants, Alan Barratt, Susan Dalton, and Julian Hanson, appeared before Westminster Magistrates’ Court.
All three have been charged with fraud by abuse of position as part of the criminal prosecution by the regulator.
In particular, TPR has alleged that, between 2012 and 2014, 245 savers were persuaded to transfer their pension savings, totaling £13.7m into 11 pension schemes, controlled by the defendants.
Dalton has pleaded guilty to the charge, whilst Barratt, who was extradited from Spain to the UK by officers of the Metropolitan Police last month, has indicated a not guilty plea to the charge, and Hanson has given no indication of a plea.
All three defendants have been released on conditional bail, and have been ordered to appear at Southwark Crown Court on 11 May, where the case will continue.
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