The Serious Fraud Office has today charged six people with multiple fraud offences following an investigation into the transfer of £75 million in pension funds.
Between 2011 and 2014, over 1,900 investors transferred their pensions into self-invested personal pensions to invest in a ‘store-pod’ product from UK storage company Store First.
Investors were promised a long-term leasehold on a pod and a return on their investment through renting the pod out.
It is alleged that various misrepresentations were made in the marketing of the product to persuade individuals to invest.
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