Pension – Pensions Regulator. The Chancery Division ruled that the Pensions Regulator had established a claim against four defendants, under s 16 of the Pensions Act 2004, to recover sums lost as a result of an improper and dishonest pension liberation scheme, by which some members of occupational schemes had been induced to transfer their respective pots from, mainly, occupational pension schemes operated by their employers to schemes established, controlled or operated by the third to seventh defendants.