Regulator reveals details of GP Noble investigation

The watchdog took the extraordinary step of both publishing the report on its regulatory intervention in GP Noble under section 89 of the Pensions Act 2004 and also the Determinations Panel judgement on the case after reporting restrictions were lifted yesterday. The regulator said it had became concerned over GP Noble's investments of pension scheme assets in July 2008 - following both its own intelligence gathering activities and concerns raised by the Pension Protection Fund (PPF). It said the central feature of the fraud was the disinvestment of some £52m of assets belonging to ni...