Two arrested as TPR probes suspected £18m pension fraud

370 people may have transferred

James Phillips
clock • 1 min read

Six people have been questioned by police as part of a joint operation with The Pensions Regulator (TPR) investigating a suspected pension fraud.

Around 370 people are believed to have transferred around £18m into eight pension schemes under investigation, with these funds then passed on to companies connected to the suspects in the investigation. In a TPR-led joint operation with Essex Police, three men and one woman were interviewed under caution on suspicion of fraud offences, and a further two men were arrested and questioned before being released pending further investigation. The operation also saw search warrants executed at two resident addresses and one business address in Essex on 11 December. The investigation was...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

InvestAcc Group takes over £3.2bn book of business

Jenna Brown
clock 27 March 2025 • 1 min read
Spring Statement 25: 'As you were' following pensions exclusion

Spring Statement 25: 'As you were' following pensions exclusion

Pensions were notably lacking from today's Spring Statement

Holly Roach
clock 26 March 2025 • 4 min read
Majority of pension savers would use digital advice from providers

Majority of pension savers would use digital advice from providers

Some 73% of workplace pension savers want advice from providers

Jenna Brown
clock 24 March 2025 • 2 min read