Crooked pension advisors face jail

Two financial advisers who convinced hundreds of vulnerable pension holders to transfer their plans into a sham company in a £20m con are facing jail. Rikki Nicholls, 56, and Mark Kelly, 51, persuaded 285 victims to move their pension plans to their company PCD Wealth and Pensions (PCD) between September 2006 and April 2013. Using others, known as introducers, they convinced pension holders to move their plans from underperforming companies into a self-invested personal pension scheme (SIPP). They went on…