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Ex-IFA faces retrial in pension fraud case

Ex-IFA faces retrial in pension fraud case

A former adviser who was charged with fraud over his pension business faces being tried again after the jury failed to reach a decision in his case.

Darren Say (pictured) was charged with one count of fraud by abuse of position in January. Say pleaded not guilty at his trial.

The charges relate to a company called Noisnep, which ran a pension proposition that was separate from his advice firm Wealth Connection.

Last Friday, a jury at Chelmsford Crown Court could not reach a verdict. Essex police said there will be a retrial, but date has not been set.

In January, Essex police charged Darren Say, 44, of Wallers Hoppet, Loughton, with fraud by abuse of position.

At the time the police said: ‘The charge relates to allegations that he committed fraud while occupying a position in which he was expected to safeguard, or not to act against, the financial interests of Noisnep Sipp members, between January 1, 2009 and January 20, 2016.’ 

The trial began on 5 September and the jury was sent away on 12 October. The jury delivered their verdict on 21 October. 

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