At its peak the Company held deposits totalling £95m, managed £250m of funds and looked after 29,000 pensions.
Demise of the business
In 1975 the Company got into financial difficulties. The problems with Slater Walker led to support by the Bank of England. Following the takeover of the Company by the Bank of England 15 charges were brought against Slater for offences against the Companies Act by the Department of Trade — the misuse of more than £4,000,000 of company funds in share deals. The case was thrown out in 1977.
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