TPR investigating 21 pensions liberation cases

clock

The Pensions Regulator (TPR) is investigating 21 pensions liberation cases, after the amount of money transferred through the scams doubled to £400m last year.

Only three cases have been announced publicly by TPR - the Ark Business Consulting schemes, the Hollywell Enterprises scheme and an alleged case in the Pennines and Mendip schemes, where action is continuing in the High Court. Speaking at IFAonline's sister title Professional Pensions' administration forum, TPR case team leader Victoria Holmes said pensions liberation scams target a wide range of people including members struggling on bankruptcy lists. Holmes warned tough economic times were playing a role in the increase, with members desperate to pay off debt or mortgages or having ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Despite being ‘potentially lucrative’

Isabel Baxter
clock 30 September 2024 • 4 min read
Failed Hartley Pensions clients face months-long SIPP transfer document delays

Failed Hartley Pensions clients face months-long SIPP transfer document delays

Frustrated client notes that communications were promised from April to June

Isabel Baxter
clock 29 August 2024 • 3 min read
British Steel pensions transfer advice debacle in numbers

British Steel pensions transfer advice debacle in numbers

‘The FCA continues to pursue those who gave poor advice’

Isabel Baxter
clock 29 July 2024 • 3 min read