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£112m pension swindle

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1stop

THE FINANCIAL CONDUCT AUTHORITY has banned two Pembrokeshire businessmen from working in the financial industry after they orchestrated unsuitable self-invested personal pension (SIPP) switches to thousands of people in the county and beyond.

Andrew Rees and Timothy Hughes, who previously ran 1 Stop Financial Services in Haverfordwest pushed 2,000 clients into SIPPs which were not suitable for their needs.
The firm, has now ceased trading, but the pair have now opened a music shop on High Street called Musicians World in the same building where 1 StopFinancial took place.

The pair have been banned from performing any significant function in any regulated activity authorised by the FCA.

The FCA told the Herald that between October 2010 and November 2012, Rees and Hughes’ firm advised nearly 2,000 customers on switching their existing pensions (valued at in excess of £112m) into SIPPs. Their customers then used the SIPPs to invest in products such as diamonds and overseas property which were typically not permitted by the customers’ existing schemes.

The pair have been fined £490,100 but have instead agreed to pay that amount to the Financial Services Compensation Scheme, which is investigating redress claims by 1 Stop clients.

FCA director of enforcement and financial crime Tracey McDermott said: “By enabling customers to invest in unregulated and often high risk products without assessing suitability, these men exposed customers to the risk of losing their hard earned pension funds.

“This was then compounded by the partners’ failure to ensure that their customers fully understood these risks”.

Rees and Hughes failed to comply with the statement of principle for approved persons which states that a SIF must take reasonable steps to ensure that the business for which he is responsible in his accountable function complies with regulatory requirements, the regulator said.

The pair also failed to disclose a conflict of interest, as they were directors and shareholders of EGI, a firm that referred almost a quarter of 1 Stop’s SIPP customers during the relevant period.

EGI was paid a fee for referrals, meaning that Rees and Hughes were benefiting from both the fees paid by customers for the advice given by 1 Stop and also from the commission received by EGI.

Hughes also failed in his compliance duties.

Rees and Hughes, will be, according to the FCA, writing to all customers informing them of the situation.

Timothy Adrian Hughes spoke to the Herald by telephone yesterday. He said: “We are unable to comment on this matter as we are not legally permitted to do so. Any comments we make to the press need to be first cleared by the FCA in writing.”

The Pembrokeshire Herald understands that 1 Stop Financial services employed a compliance officer. Questions are now being raised if the compliance officer should have done more to prevent the risk to the 2000 customers, or if the buck stops at the owners of the firm.
The Pembrokeshire Herald has been contacted by a number of 1 Stop’s clients. One gentleman told us,  that he felt he had been swindled into investing his pension into more risky ventures than he was comfortable with.
The Pembrokeshire Herald continues to investigate.
16 Comments

16 Comments

  1. Shawn

    April 24, 2014 at 6:54 pm

    “Hiding behind your keyboard” says Reginald Dwight
    and “If you feel that strong about it, why post anonymous” says Anne Nominus!! Hillarious

    So that’s it then, its Stupid and Crooks.

  2. Ron Shirley

    April 24, 2014 at 7:00 pm

    Well, you cant cure stupid but you can train it.!

  3. Reginald Dwight

    April 24, 2014 at 7:10 pm

    Speaking of rot, I think this whole thing is rotten and you lot are the types of people who would see a car wreck and stand there gawping and pointing.

    Man up the lot of you!

  4. Anne Nominus

    April 24, 2014 at 7:16 pm

    Shawn – I think we all see the irony about posting anonymously under an anonymous name!

    Did you laugh when you worked that out? I bet you did! Your so clever you see!

  5. Shawn

    April 24, 2014 at 7:17 pm

    I still can’t work out which one of the salesmen you are Reg, I’d say you’re the one selling banjos. I could be wrong.

  6. Reginald Dwight

    April 24, 2014 at 7:33 pm

    Reply to Shawn.

    I am neither now nor have I ever been employed by 1 stop or their new venture in any way shape or form.

    I certainly don’t sell musical instruments either.

    Neither am I family or friend and also I have never been a client of their former pensions company.

    I am making an observation only and same as you, giving my tuppence.

    I would be happy to talk to some more about it Shawn but in all honesty, I’m already bored with you and your comments and one thing I’ve learned in my many years on this planet it, don’t waste your time with people that bore you.

    Good evening to you.

  7. Shawn

    April 24, 2014 at 7:40 pm

    Good night banjo man, it’s been fun fishing.

  8. sherry maile

    April 26, 2014 at 4:56 pm

    We were conned by these guys 6 years ago,but there was 3 of them then.I will be following this up…..

  9. dave ferris

    May 15, 2014 at 10:01 am

    sherry do you know if there is a group that has been formed to possibly sue this company . i was cooned into putting my money into guardian . [ spanish property market]

  10. mickeyd53

    August 22, 2014 at 5:10 pm

    Dave Ferris please feel free to contact me on [email protected] And yes they are still on the fiddle haha

  11. Rab

    October 18, 2016 at 2:02 pm

    You all took pension loans you scumbags

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News

Wife and lover jailed for plot to murder husband to continue affair

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A WOMAN and her lover have been jailed after conspiring to murder her husband of ten years so they could continue their affair.

Michelle Mills and Geraint Berry, both aged 46, were each sentenced to 19 years’ imprisonment at Swansea Crown Court after a jury found them guilty of plotting to kill Christopher Mills in a plan intended to make his death appear as a suicide.

The conspiracy was uncovered after Mr Mills, 55, an ex-serviceman, fought back during a late-night ambush at a caravan the couple were staying in at Cenarth, Carmarthenshire, on Friday, September 20, 2024.

Berry, assisted by Steven Thomas, forced entry into the caravan armed with imitation firearms, gas masks and cable ties. A pre-prepared suicide note falsely purporting to have been written by Mr Mills was later recovered by police.

The attack failed when Mr Mills defended himself, managing to disarm the intruders and forcing them to flee on foot.

Armed response officers, police dog units and the National Police Air Service were deployed. Berry and Thomas were arrested shortly afterwards after being spotted hiding in bushes by a police helicopter.

Geraint Berry, during his arrest – from police video

The incident was initially reported to Dyfed-Powys Police by Michelle Mills, who claimed to be unaware of any motive for her husband to be targeted. At first, officers treated the matter as an aggravated burglary.

However, detectives quickly became suspicious.

Detective Inspector Sam Gregory, of Ceredigion CID said: “We had a report of two masked men attempting to gain access to a caravan and assaulting the owner. On the surface, it appeared the case would be fairly straightforward.

“However, when Berry and Thomas were searched, officers found gas masks, imitation firearms and, most disturbingly, a typed suicide note said to have been written by Christopher Mills.”

Geraint Maverick Berry

The investigation was escalated to CID, where digital forensic enquiries uncovered extensive communication between Mrs Mills and Berry revealing a long-running affair and detailed plans to murder her husband.

Messages exchanged from August 2024 onwards showed the pair discussing multiple methods of killing Mr Mills, including suffocating him while he slept, overdosing him on sleeping tablets, poisoning his food with antifreeze or foxglove, and staging an explosion in his car.

Berry also contacted an associate asking how to obtain a firearm with a suppressor and how to make a vehicle explode when the ignition was started.

The court heard there were two aborted attempts to ambush Mr Mills at the caravan on August 28 and 29, with Berry injuring his knee during one failed attempt.

On the third attempt, Mrs Mills told Berry she would encourage her husband to drink alcohol so he would fall asleep. Messages showed Berry informing her he had arrived at the holiday park moments before the attackers burst into the caravan.

Ethel Michelle Mills

Immediately after the men fled, Mrs Mills sent Berry messages urging him to escape, delete communications and expressing affection, despite her husband having just been assaulted.

Mrs Mills was later arrested at her home in Maes Ty Gwyn, Llwynhendy. Despite denying involvement, she told an arresting officer she would be “going to jail for this”.

DI Gregory said: “From start to finish, Mrs Mills denied any involvement. She initially claimed she did not know the attackers, and later said she believed the messages were just fantasy.

“At no point did she attempt to stop Berry or tell him she did not want the plans to go ahead. Her only concern was not getting caught.”

Sentencing the pair, Mr Justice Nicklin said the plot involved “significant planning and premeditation”, despite being “poorly executed”, and placed Mr Mills’ life at genuine risk.

The court heard victim impact evidence describing how the attack had “pretty much ruined” Mr Mills’ life, leaving him suffering flashbacks and long-term psychological harm.

Steven Derwyn Thomas

Mrs Mills was also sentenced to 18 months’ imprisonment for perverting the course of justice, to be served concurrently with her 19-year sentence. Berry received a concurrent 18-month sentence for possession of an imitation firearm.

Steven Thomas, aged 47, of Clos Coffa, Clydach, was found not guilty of conspiracy to murder but had previously admitted possessing a firearm with intent to cause Christopher Mills to believe unlawful violence would be used against him. He was sentenced to 12 months in custody, with time already served on remand taken into account.

The judge said there had been an element of coercion or exploitation by Berry in relation to Thomas, who expressed remorse for his actions.

DI Gregory added: “It is easy to focus on the dramatic details of this case and forget there is a real victim. Mr Mills’ life was genuinely at risk, and the person he should have been able to trust the most was behind the plot.

“He has shown remarkable strength and courage throughout this investigation, and I hope he can now move forward and begin to process what he has endured.

“Despite their claims that this was fantasy, the evidence showed the conspiracy was real, calculated and repeated. Mills and Berry showed no remorse for the devastation they caused.”

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Crime

Milford Haven man denies child sex charges as trial date set

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James Kershaw

A MAN originally from Milford Haven has pleaded not guilty to a series of sexual offences involving a child after recently moving to Cornwall.

James Kershaw, aged 45, formerly of Milford Haven and now living in Quethiock, Cornwall, appeared in court on Friday (Dec 19), where he denied all four sexual charges put to him.

The hearing was his first Crown Court appearance in the case, during which a trial date was fixed for October 5.

Kershaw was allowed to remain on bail under strict conditions, including that he must have no contact with any prosecution witnesses.

Kershaw appeared via video link from his solicitor’s office in Cornwall. The judge described this as “a very generous decision by the listings officer” and said it had “presumably been arranged due to the distance from you to the court”.

Allegations denied

The charges relate to alleged incidents said to have taken place in Liskeard, Cornwall, between October 26 and November 1, 2023.

Kershaw is accused of engaging in sexual communication with a child under the age of 16 and of causing a child aged 13 to watch sexual activity. He also faces two allegations of causing or inciting a girl aged 13 to engage in sexual activity of a non-penetrative nature on separate dates.

In addition, Kershaw is charged with two counts of breaching a Sexual Harm Prevention Order imposed by Derby Crown Court in May 2022. These allegations include the use of an undisclosed Facebook account and the deletion of messages, both of which are said to be prohibited under the terms of that order.

Kershaw denies all allegations.

The court ordered that Kershaw may remain on bail pending trial, subject to conditions including a strict ban on contacting any witnesses.

The complainant’s identity is protected by law under the Sexual Offences (Amendment) Act 1992.

The case is due to return to court when the trial begins in October.

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Community

Craig Flannery appointed as new Chief Fire Officer

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MID AND WEST WALES FIRE SERVICE LEADERSHIP CHANGE

MID and West Wales Fire and Rescue Service has announced the appointment of Craig Flannery as its new Chief Fire Officer, with effect from Monday, December 15, 2025.

Mr Flannery has served with the Service for more than twenty years, progressing through a wide range of middle management and senior leadership roles across both operational and non-operational departments.

During his career, he has been closely involved in strengthening operational delivery, risk management and organisational development. His work has included leading innovation in learning and development, overseeing the Service’s On-Call Improvement Programme, and driving investment in key enabling functions such as workforce development and information and communication technology.

The appointment followed a rigorous, multi-stage recruitment process led by Mid and West Wales Fire and Rescue Authority. Candidates were assessed through structured interviews, strategic leadership exercises and scenario-based assessments designed to test operational judgement, organisational vision and the ability to lead a modern fire and rescue service.

External professional assessors were also engaged to provide independent scrutiny, ensuring the process met high standards of fairness, transparency and challenge.

Mr Flannery emerged as the strongest candidate, demonstrating clear strategic leadership capability, detailed organisational knowledge and a strong commitment to community safety and service improvement.

Councillor John Davies, Chair of Mid and West Wales Fire and Rescue Authority, said: “Craig brings a deep understanding of our Service and a clear vision for its future. His appointment will strengthen our ability to innovate, support our workforce and deliver high-quality protection for the communities we serve.

“As we navigate a rapidly changing landscape, Craig’s experience in driving innovation and organisational development will be invaluable in helping us adapt and transform for the future.”

Commenting on his appointment, Mr Flannery said: “It is a privilege to lead this outstanding Service. I am committed to supporting our people, strengthening partnerships and building on the strong foundations already in place.

“As the challenges facing fire and rescue services continue to evolve, we must modernise and innovate, ensuring we have the skills, technology and capability needed to meet the needs of our communities. I look forward to working with colleagues and partners across Mid and West Wales to deliver a resilient, progressive Service that keeps people safe and places our staff at the heart of everything we do.”

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