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Project Athena scheme member update

The Pensions Regulator (TPR) appointed Dalriada Independent Trustees (Dalriada) to the following pension schemes (the 'Schemes') on 26 March 2019 because of concerns over the governance of the Schemes by the former corporate trustee, Barclay Cavendish Trustees Limited.

  • The SCCL Pension Scheme
  • The Milton Associates Pension Scheme
  • The Birkdale Partnership Pension Scheme
  • The EmissionO Pension Scheme
  • The Visolaris Pension Scheme

Since 26 March 2019, TPR have been conducting a criminal investigation (Project Athena) into how the Schemes were administered and how the funds were invested. TPR have conducted a number of enquiries including seizing devices and documents relating to the investigation and the individuals involved; analysis of the evidence these devices and documents provided; and initial interviews with key individuals. It is intended that further interviews with key individuals will take place toward the end of 2021.

TPR have also been working closely with Dalriada regarding the scam letter sent to members asking them to call a telephone number in relation to claims members may have under a scheme where Dalriada act as trustee. TPR would like to reiterate the advice provided in Dalriada’s communication to all members dated 6th May 2021 that members should not call the telephone number provided in the letter as this letter was not sent by Dalriada.

Further updates regarding the criminal investigation will be provided in due course either through Dalriada or on the case updates page.

Help and advice

We would like to take this opportunity to let you know that that if you are struggling in any way relating to your membership of these pension schemes that there are organisations that can help and support you. This includes:

  • Victim support: Supportline 08081689111, live chat available on the website
  • Samaritans: Helpline 116 123 (free of charge from a landline or mobile)