Author: Pulse Assent

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 company’s 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 provided by the company to the Insolvency Service investigators were incomplete, and it did not provide the investigators with an adequate explanation for the application of the funds it received
• customers experienced enormous difficulties in contacting the company, received very little information from the company and do not appear to have been issued with any Annual Returns, which are supposed to provide them with details of their invested funds, since October 2015

Investigators were unable to obtain any clear view of how the company operated and records the company did provide were incomplete, inconsistent, and contradicted information the company had itself provided to The Pensions Regulator.

The company was wound up by the court on Wednesday 6 June 2018, on the petition of the Secretary of State for Business, Energy & Industrial Strategy, following an investigation by the Insolvency Service.

The Court said that it was appropriate, desirable, and in the interest of investors to make an order to place the company into insolvent liquidation.

Judge Prentis found that the company operated with a lack of commercial probity, a lack of transparency, and without any presence at its Registered Office address. Investigators were unable to obtain any clear view of how the company operated.

Nobody appeared on behalf of the company to oppose the petition.

Investigation Supervisor Irshard Mohammed, of the Insolvency Service, said:

Those behind companies such as Chartwell should be aware that the Insolvency Service will not tolerate such abuses of the corporate regime. It is telling that this situation appears to have arisen from telephone cold-calling.

Members of the public should be most wary when approached with investment proposals or proposals of how to manage their pension, through unsolicited telephone calls.

Notes to editors

A winding-up order was made against Chartwell Trustee Pension Solutions Ltd on 6 June 2018 in the High Court of Justice.

The petition to wind up the company was presented in the High Court of Justice Business and Property Courts of England and Wales, on 9 April 2018, under the provisions of section 124A of the Insolvency Act 1986 following confidential enquiries by Company Investigations under section 447 of the Companies Act 1985, as amended.

Chartwell Trustee Pension Solutions Ltd was incorporated on 14 December 2007 with the Company Registration Number 06453607. Its Registered Office on 6 June 2018 was Kingfisher House, 21-23 Elmfield Road, Bromley, Kent, England, BR1 1LT.

The company’s sole director at the time of winding up is Christopher William Payne.

Mr Payne and another former director of Chartwell, Karen Carol Burton, were previously directors of Imperial Trustee Services Ltd, which was also wound up by the Insolvency Service on a Public Interest petition. The press release for Imperial Trustee Services Ltd is available here.

All enquiries concerning the affairs of the companies should be made to: The Official Receiver, Public Interest Unit, 4 Abbey Orchard Street, London, SW1P 2HT. Telephone: 0207 637 1110, Email: piu.or@insolvency.gsi.gov.uk.

Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Energy & Industrial Strategy (BEIS).

Further information about live company investigations is available here.

The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

Contact Press Office

Media enquiries for this press release – 020 7674 6910 or 020 7596 6187

You can also follow the Insolvency Service on:

• Twitter
• LinkedIn
• YouTube

The UK Space Agency has today announced at the Farnborough International Airshow that Wales will play host to the 2019 UK Space Conference, with the new International Convention Centre (ICC) near Newport confirmed as the event venue. Dr Graham Turnock, CEO of the UK Space Agency announced that the conference will take place on 9 to 11 July 2019.

The UK Space Conference is considered the most influential event for the space community, bringing together government, industry and academia, to build links, share opportunities and address mutual concerns at a crucial time of unprecedented change and growth for the sector.

The position of Programme Committee Chair is now open for nominations; this committee is responsible for defining the theme, shaping the content and selecting the speakers. Nominations for members of the committee are also welcome. We are looking to ensure wide engagement in the conference and so encourage people from across the community to put themselves forward.

The 2019 conference is set to be the biggest and most significant event to date with over 1,200 delegates anticipated. The ICC Wales, an £84 million investment development, is due to open shortly before the 2019 event. This biennial conference has been held previously in Glasgow, Liverpool and Manchester, with the first held in 2011 in Warwick.

CEO of the UK Space Agency, Dr Graham Turnock said:

We are working with the space sector to build on our significant capability and maximise the benefits of space to life on Earth, creating jobs and opportunities across the country.

The UK Space Conference is a fantastic event for sparking the kind of collaborations and partnerships that will help our sector grow. I am delighted that Wales will be hosting the 2019 conference and I’m sure it will build on the huge success of the 2017 conference in Manchester.

Sir Martin Sweeting, Executive Chairman, Surrey Satellite Technology Ltd and founder of the Surrey Space Centre said:

The UK Space Conference provides a vital forum for the UK space sector, academia and policy makers to network, debate, form new collaborations, and do business. It’s a key event for SSTL, and a fixture in my calendar.

This 2017 programme included 5 plenary and 28 parallel sessions which were carefully designed to inspire, enable and connect the space community. 180 speakers delivered a total of 43 hours’ worth of content and discussion to 1,200 delegates. Speakers included British ESA Astronaut Tim Peake, one of the most inspirational figures in the UK space sector, who spoke in the closing plenary entitled ‘Inspiring the future through exploration’.

Other influential speakers included; Professor Jan Wörner, Director General of the European Space Agency, and Andy Green, President of UKspace and chair of the Space Sector Council.

Fun Kids radio, with the support of the Intellectual Property Office (IPO) created a radio series aimed at under 12s. It tells the story of pop pup Nancy and her backing band the Meerkats. Trying to make it big in the music they have to overcome a surprisingly diverse range of IP related issues.

Mark Skeggs from the IPO said:

We were very pleased to have the opportunity to support this competition that encouraged children to respect IP in a fun, creative and engaging manner. A number of very good entries were received from throughout the UK and we would like to congratulate Katie Howells from Usk Primary School as a worthy winner.

To support the new Nancy and the Meerkats series of radio shows, cartoons and videos the national competition was run to create a new tour poster for Nancy. In the new series Nancy is helping struggling artist Ed Shearling to succeed in the music industry by helping him understand about IP. For the competition schools were encouraged to use some of the messages in the new series to help produce a suitable tour poster.

Gregory Watson, MD of Fun Kids radio said:

Nancy and the Meerkats is a great resource that Fun Kids created to help the IPO engage children. The audio podcasts and animated videos, which remain available through Funkids, have engaged tens of thousands of children since Nancy hit the music scene in 2015.

Fun and engaging audio and animated videos remain a great way to engage children and their parents, helping them discover new things through content they can access where and when they want to, and through devices they are comfortable to use.

The prize is a bespoke music experience for Katie and her class mates, arranged by the UK Music; an umbrella organisation which represents the collective interests of the UK’s commercial music industry.
Oliver Morris, from UK Music said:

The IPO do really important work with a range of ages on the importance of IP for creators. If you’re an aspiring songwriter or have dreams of getting into music business then learning about this in school through the IPO’s fun and interactive online resources is a great first step. The app Music Inc.- developed in partnership with the IPO, UK Music and Aardman – is an example of an innovative and educational way for young people to understand this important issue. We’re really pleased to have supported the Nancy and the Meerkats competition and are happy to be able to bring producer Llion Robertson, artist HANA2K and UK Music member the Music Publishers Association to Usk.

Notes to editors

1. Crackingideas is the single hub for IP Education materials from the UK Intellectual Property Office.
2. Fun Kids is a national children’s digital radio station in the United Kingdom with associated websites, YouTube and podcast channels.
3. ukmusic.org is the umbrella organisation which represents the collective interests of the UK’s commercial music industry.

The channel is being built in the river where it passes under the A59 at Skipbridge, Green Hammerton, between York and Harrogate.

Once the channel has been built an ultrasonic sensor will be attached under the bridge so accurate flow readings can be achieved.

This is important for predicting floods in York because the River Nidd is the last major watercourse flowing into the Ouse.

Project manager Oliver Wilson said:

This is one of the Environment Agency’s critical assets for our flood warning service and for managing water resource available for abstraction.

Having an early warning that the Ouse could overtop in York means we can act early to prevent flooding by closing flood gates in the city.

So that the concrete lined channel can be built a cofferdam has been put in place.

One half of the river is dammed off to create a dry working area to enable construction on that side, before the other side is dammed and the new channel structure can be completed.

There was an existing concrete channel built a number of years ago but due to the design and flow dynamics it created in the river the bed got silted up, causing incorrect flow readings and it not working as an effective gauge station.

The new channel is designed to make sure sediment passes through it and flow readings are accurate.

Mr Wilson added:

Lower river levels have enabled us to make really good progress and we expect the gauge station to be fully functioning this winter.

North Yorkshire County Council’s Highways Department has carried out work on the bridge and road earlier this year and Northern Powergrid also recently installed an electricity line across the bridge.

To view river levels click here

On the fourth anniversary of the shooting down of MH17, the Foreign Secretary remembers those who died in the attack and calls for the Russian Federation to account for its role in this crime.

Foreign Secretary Jeremy Hunt said:

Today is the 4th anniversary of the day 298 people, including 10 British nationals, tragically lost their lives when Malaysia Airlines flight 17 was shot down as it flew a commercial route between Amsterdam and Kuala Lumpur. I would like to offer my deepest condolences to the families and friends of all those who died. Your loved ones, who were killed in such horrific and shocking circumstances, deserve justice.

Thanks to the painstaking work of the Joint Investigation Team over the past 4 years, we now know that MH17 was shot down by a Russian Buk-type missile, belonging to the 53rd Anti-Aircraft Military Brigade of the Russian army which was launched from an area held by Russian-backed separatists in eastern Ukraine. This is another example of the Russian Federation’s disregard for human life and the rules based international system and Russia must answer for its actions.

The UK fully supports Australia and the Netherlands in their call on the Russian Federation to accept state responsibility, and to cooperate with them in their efforts to deliver justice for the victims of this tragedy. The UK will continue to fully support the work of the Joint Investigation Team and the UK calls on the Russian Federation to cooperate fully with investigation and to provide any assistance it requests in accordance with UN Security Council resolution 2166. It is vital this investigation leads to a prosecution and that those responsible are held accountable for this appalling crime.

Further information

• Follow the Foreign Secretary on Twitter @Jeremy_Hunt and Facebook
• Follow the Foreign Office on Twitter @foreignoffice and Facebook
• Follow the Foreign Office on Instagram, YouTube and LinkedIn