Reward Strategy account
0 £0.00
This item was added to your bag

TPR to bring landmark prosecution against pensions boss

An accountant is to appear in court to face charges of fraud and making employer-related investments - the first time The Pensions Regulator (TPR) has prosecuted for these offences.

TwitterLinkedIn
Accountant faces five counts of fraud and five counts of making employer-related investments
Accountant faces five counts of fraud and five counts of making employer-related investments

Roger Bessent is accused of abusing his position as the director of Gleeson Bessent Trustees Ltd, a professional pension scheme trustee, to transfer more than £200,000 of pension scheme funds into his bank account and those of companies controlled by him.

 

The funds were transferred from the Focusplay Retirement Benefit Scheme, the sponsoring employer of which was Gleeson Bessent (Accountants and Business Advisers) Ltd where Bessent was a director.

 

Bessent, aged 66, whose business is based in Ashton on Ribble, Preston, faces five counts of fraud by abuse of position and five counts of making employer related investments.

 

He has been summonsed to appear at Preston Magistrates’ Court on January 30 2019.

 

Fraud by abuse of position is an offence under Section 1(2)(c) of the Fraud Act 2006. It carries a maximum sentence of 10 years’ imprisonment.

 

Making a prohibited employer-related investment is an offence under Section 40(5) of the Pensions Act 1995. It carries a maximum sentence of two years’ imprisonment.

TwitterLinkedIn
Add New Comment
LoginRegister

You might also like

Will you make The Reward 300 2019?

Will you make The Reward 300 2019?


New law could be introduced to prevent sexual harassment

New law could be introduced to prevent sexual harassment


Are you running a successful payroll function?

Are you running a successful payroll function?


CIPD calls for overhaul of remuneration committees

CIPD calls for overhaul of remuneration committees

LATEST PAYROLL AND REWARDS NEWS IN YOUR INBOX

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd