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‘Predators stalk your pension': regulator plans to tackle liberation schemes
by Brian Cantwell on Feb 06, 2013 at 15:50
The Pensions Regulator (TPR) is to launch a campaign to tackle pension liberation schemes, and has held a closed-doors briefing for government and trade bodies over the issue.
The campaign, dubbed 'Predators stalk your pension' is set to launch on 14 February, with the TPR releasing materials detailing case studies of offenders, setting out what to look for, and advising how providers can help scheme members avoid becoming the victims of fraud.
The TPR has held a closed-doors briefing on the campaign today, and it is understood it will work with the Home Office, Serious Fraud Office, Financial Services Authority, HM Revenue & Customs and the Serious Organised Crime Agency in dealing with the problem.
The High Court ruled in December 2011 that schemes allowing savers to access their pension funds before reaching age 55 were illegal.
The FSA has also issued warnings to consumers about firms offering such services.
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