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An investigation by The Pensions Regulator (TPR) indicates that between 2012 and 2014, nearly 250 individuals saving for their retirement were encouraged to transfer their pensions into 11 pension schemes which were controlled by Barratt, Dalton and Hanson. The combined amounts equated to £13.7 million.
Whilst Dalton pleaded guilty to the charge, Barratt gave a not guilty plea, and Hanson did not give a plea at all. They were all released on conditional bail and must attend Southwark Crown Court on 11 May 2021.
Barratt was arrested in Alicante, Spain and then extradited to the UK.
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Recognised overseas pension schemes notification list 21 April 2021
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been ten scheme names added to the list, and one removed. No amendments have been cited in this update.
A very welcome change is that HMRC now lists the updates, as follows.
Schemes added
Australia
Andrew P Gardner Super Fund Bread Fund Bulldix Superannuation Fund GEM Investment Holdings Superannuation Fund Jordan Family Superannuation Fund
India
ICICI Pru Guaranteed Pension Plan
Isle of Man
Evans J Personal Pension Scheme Seppings Personal Pension Scheme
Jersey
FEK Holdings Limited
New Zealand
i-Select SMS 17 Fund
Schemes deleted
Isle of Man
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