‘Crooked pension advisors got their wives to launder cash’

Two financial advisers dishonestly convinced vulnerable pension holders to transfer their plans into a sham company and got their wives to launder the proceeds, court heard. Rikki Nicholls, 56, and Mark Kelly, 49, persuaded 285 victims to move their pension plans to their company PCD Wealth and Pensions (PCD) between 2006 and 2008. They allegedly used over £20 million of the transferred pension money into risky investments the policy holders knew nothing about, Southwark Crown Court heard. The pair, along…