A defendant charged in connection with a multi million-pound pension fraud investigation has changed his plea to guilty at a hearing at Southwark Crown Court on Friday.
The Pensions Regulator alleged that between 2012 and 2014, 245 savers were persuaded to transfer their pension savings, totalling £13.7m, into 11 pension schemes managed by three defendants – Alan Barratt, Julian Hanson and Susan Dalton.
Barratt had previously pleaded not guilty to a charge of fraud by abuse of position.
But last week (January 14), at Southwark Crown Court, he changed his plea to guilty.
Co-defendant Susan Dalton entered a guilty plea at a previous hearing, while Julian Hanson pleaded not guilty. He will stand trial in June.
All defendants who have pleaded, or are found, guilty will be sentenced at the conclusion of that trial.
All the defendants have been released on conditional bail.
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