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Index/Topics/Pension fund scandal

Pension fund scandal

The misappropriation of hundreds of millions from company pension funds by Robert Maxwell

Fact-Checks

4 results
Jan 19, 2026
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Were there signs of foul play or suicide in Robert Maxwell’s drowning?

The official inquest in December 1991 concluded Robert Maxwell died from a heart attack combined with accidental drowning and the investigating judge said there were no signs of criminal activity, eff...

Jan 15, 2026

Which banks and advisers refused to join the 1995 Maxwell major settlement and what were the outcomes of subsequent lawsuits against them?

A subset of the banks and advisers who had financed or advised Robert Maxwell did participate in the major 1995 settlement that helped recover most of the pension shortfall, while at least one major l...

Jan 15, 2026

How much of the Maxwell pension shortfall was legally recovered and through which settlements?

The Maxwell pension scandal revealed a missing pot of roughly £440–450 million; the legally recovered sum from negotiated settlements and government intervention totaled about £376 million — principal...

Jan 15, 2026

Which Maxwell-linked pension funds suffered the largest losses after the fraud was revealed?

The largest identifiable losses after Robert Maxwell’s fraud were concentrated in the Mirror Group pensions — particularly the Mirror Group Newspapers (MGN) scheme — with sources reporting well over £...

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