Regulator admits pension liberation tactics 'unsustainable'

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The Pensions Regulator (TPR) is looking to establish "systemic" ways it can combat pension liberation fraud as its current tactics are not sustainable.

TPR chairman Michael O'Higgins told the Pensions and Benefits Show that the current "whack-a-mole" strategy of shutting down scams where they become visible is not a long-term solution. O'Higgins (pictured) said there have been four thousand visitors to its scorpion-branded webpage about fraud, and that the "cross-government taskforce" working on the fight against fraud, "Project Bloom", is taking action on several schemes. He said that the same individuals are behind several of the schemes and urged anyone with information about them to come forward and speak to the authorities. H...

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