When considering whether to take on pension fraud cases, the UK’s Serious Fraud Office weighs up such cases as it would any others, as its mandate is to tackle only “the very top level of economic crime”, SFO director David Green has explained, in a letter to the head of a government committee overseeing the so-called pensions freedoms inquiry.
In his 27 November letter, published on the government’s website and flagged up recently by an International Investment reader, Green confirmed that the SFO had “successfully prosecuted two multi-million-pound investment frauds, where a significant proportion of the sums invested were sourced from investors’ pensions savings”, adding that both had been concluded in 2014.
‘Enforcement 40’ for 2020
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