Pair jailed for £13.7 million pension scam

25 April 2022

Over 200 savers were tricked into transferring their pension savings into fraudulent schemes controlled by Alan Barratt and Susan Dalton. The pair have been jailed for a total of ten years and banned from acting as company directors for eight years.

Sentenced at Southwark Crown Court on 22 April 2022, the pair pleaded guilty to the charges of fraud by abuse of power. The prosecution was brought by the Pensions Regulator (TPR).

TPR’s case initially included three defendants. The third, Julian Hanson, had their case dropped on 30 March after pleading not guilty. Barratt changed their plea from not guilty to guilty in January and was arrested in Alicante, Spain before being extradited to the UK.

The executive director for frontline regulation at TPR, Nicola Parish, said:

In their role as trustees, the pair enabled millions of pounds to be taken from the schemes and channelled offshore, where it was used to enrich others involved in the criminal enterprise and to profit themselves.”

“(The) prosecution and substantial custodial sentence sends a clear message that TPR and the courts will take tough action against fraudsters”

“Our successful extradition of Barratt from Spain also shows there’s no haven for scammers”.

TPR’s website has a range of useful links, webinars and information to help spot, prevent and report pension scams.

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