With pension liberation on the rise, pension experts have called for tougher requirements from regulators. Fiona Murphy asks what they would like to see
The National Lead Force for Fraud recently revealed its detectives had entered a London office with 40 call centre staff, arrested three people and seized computers and documents. The operatives were suspected to be cold-calling and text messaging UK pension holders with incentives to unlock their pensions early. Pension liberation is a growing problem, and with more boiler room operations like these, the police and associated fraud investigators are on the move. Liberting funds generally involves a request by a pension scheme member to transfer assets from a legitimate scheme to a...
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