Chartwell Trustee Pension Solutions Ltd (Chartwell), was the sole trustee of the Pinnacle Pension Scheme and was incorporated on 14 December 2007. Its registered office was Kingfisher House, Bromley, Kent.
The Insolvency Service launched an investigation into the companys activities following complaints received by it and Action Fraud.
The investigation found:
- the company was entrusted with in excess of £4.8m of members pension funds following an apparent cold-calling telesales operation. Members were told that they could expect a guaranteed 8% return into their pension for the first two years and that further returns may follow
- members were told their pensions would be invested in storage products. However, records provide…
Read the full article at: https://www.gov.uk/government/news/kent-pension-company-shut-down-in-the-interest-of-investors