• Free Initial Assessment: No-Obligation Chat

Gleeson Bessent: Insolvency Services shuts down TWO pension trustee firms following investigation

Gleeson Bessent Trustee Services and Gleeson Bessent Trustees offered high-risk investments to ordinary investments as part of their pension schemes.

Following an investigation by the Insolvency Service, the High Court has wound-up two pension trustees which administrated over 9 different pension schemes, all of which were occupational, including Focusplay Retirement Benefit Scheme, as well as PSP. Retirement Benefit Scheme.

These pension funds were found to have “breached a number of rules”, including (as reported in FT Adviser) lending money back from the schemes to the “sponsoring employer”.

High-risk investments

Despite being charged an initial fee sometimes as high as £1,645, and ongoing management fees up to £2,500 which generated over £3.5 MILLION in fees for the firms, pension scheme owners had their money invested high-risk investments.

Organic Investment Management DFM

While acting as an accountant, Roger Bessent of Gleeson Bessent – a different company to the two other trustees but with Roger as director, Roger audited Organic Investment Management – a discretionary fund management firm that has now had restrictions place on its business, and been asked to re-submit it’s accounts after it was revealed that Roger had shareholdings with Organic.

Alex Waters
4 September 2017
Share this post:
No Upfront Fees

Let’s Rewrite Your Financial Story

We are here to rewrite the book for you. 
And luckily we are pretty damn good at creating happy endings.

Money Hands

We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.


When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.


We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.

Speak to an expert today

We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat. 

Call: 01204929929

Office Hours:

Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed

This field is for validation purposes and should be left unchanged.