Court tells fraudster to repay £290,000 in stolen pensions

clock • 1 min read

A court in England has ordered a former head of a charity to pay back almost £290,000 in stolen funds from the organisation's pension, plus 47,000 in legal costs. The Pensions Regulator (TPR), who brought the legal action, said after the sentencing, "TPR will not flinch from using every weapon in our arsenal to tackle pension fraudsters and will continue to protect savers' retirements." Patrick McLarry was CEO and chairman of the charity Yateley Industries for the Disabled and a director of VerdePlanet Limited. Erica Carroll, director of enforcement at TPR, said: "McLarry abused hi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.