The fight against pension liberation scams would be easier if The Pensions Regulator (TPR) had more power to act against offending firms, its chairman Michael O'Higgins has said.
Speaking at the National Association of Pension Funds regulation conference, O'Higgins said it would be easier to soften the impacts of liberation schemes on consumers if TPR had the power to force pension liberation outfits to return customers to their previous financial positions. He said: "We can only act after the fact, and make people aware of the issue. "It might help if we had the power, as the Financial Conduct Authority (FCA) does, to put things back to the way they were. This doesn't help if the money has left the jurisdiction, but could go some way." O'Higgins (pictured)...
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