View more on these topics

Two jailed for £5m pension scheme tax fraud

Handcuffs Justice Guilty 480

A former president of the Association of Taxation Technicians and a fellow company director have been jailed for eight and half years each for a £5m pension scheme tax fraud.

Andrew Meeson and associate Peter Bradley were both found guilty of the conspiracy which centred on two pension schemes administered by their company, Tudor Capital Management Limited.

HMRC investigators found that between June 2007 and March 2010, they received income tax repayments amounting to £5m.

The two men were arrested in 2010 in dawn raids carried out by HMRC officers at residential and business premises in the West Midlands and Derby.

They claimed the money was a refund due on £20m worth of contributions made by pension scheme members but investigators found these contributions did not exist.

A trustee of the pension fund, Steven Price, also pleaded guilty to obtaining documents by deception, and was given an 18 month prison sentence suspended for two years.

Confiscation proceedings to reclaim the crime profits are now underway.

HMRC assistant director of criminal investigation Simon De Kayne says: “This was blatant theft from the UK economy by people who exploited their positions of trust and authority. This prosecution reinforces our effectiveness in the crackdown to uncover and bring before the courts those involved in tax evasion and fraud.”


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Here’s another fraud everyone should be aware of – the Amway Tool Scam. Google “Stop The Amway Tool Scam WordPress” for more information, and forward this information to every non-Distributor/IBO you know, so they don’t get ripped off.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm