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Story perspectives

Fraud Charges Filed in Safe Hands Plans Collapse

1/22/2026

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Story summary
  • The Serious Fraud Office charged Richard Wells and Neil Debenham with conspiracy to defraud in relation to Safe Hands Plans Ltd, calling it a significant step in its investigation.
  • Safe Hands Plans Ltd collapsed in 2022, just before new regulations were introduced for the sector.
  • About 46,000 customers are owed £70.6 million, but repayments have been far lower than expected.
  • Denise Hudson paid nearly £2,500 and received only a fraction of her investment.