Article 70P9K Widow of man conned out of pension savings to lose half the compensation to tax

Widow of man conned out of pension savings to lose half the compensation to tax

by
Simon Goodley
from World news | The Guardian on (#70P9K)

Robert Dewar's widow, Susan, is a leading campaigner over multimillion-pound Norton Motorcycles fraud

The family of a deceased man, who was conned out of his retirement savings after investing in the Norton Motorcycles pension scam, is to lose almost half the subsequent compensation award because of a little-known tax rule.

A long-running battle to win an award from the Fraud Compensation Fund (FCF) meant that Robert Dewar's pension was not reimbursed until 2024, five years after his death at the age of 64.

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