Regulators launch pension liberation crackdown

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Regulators have joined forces to raise awareness of pension liberation "predators" who target cash-strapped workers promising to release their pension as a loan or lump sum.

The campaign, aimed at consumers and pensions professionals, is part of a multi-agency crackdown on the schemes which have already released hundreds of millions of pounds and seen thousands of members lose some or all of their savings. The Pensions Regulator has teamed up with the Financial Services Authority, HM Revenue & Customs and the Serious Fraud Office, as well as several other organisations. They have published information, carrying scorpion imagery, which illustrates the threat to people's pensions if they take up the offers. The campaign includes: • A warning insert th...

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