The Pensions Regulator (TPR) is preparing for a high-profile court case against an alleged liberation fraud operation in the hope it will secure a clear ruling that the practice is illegal.
TPR executive director of defined contribution (DC), governance and administration Andrew Warwick-Thompson said the regulator is preparing for two court cases involving liberation schemes. One of these will lead on from Operation Neame, which culminated in a police raid on offices in the City of London, Cheshire, Glasgow, and Ayr (PP Online, 9 May). Warwick-Thompson said TPR and the trustees it put in place to run the schemes after the arrests were made will argue before the court in order to get a "clear ruling" on whether pension liberation schemes are illegal. He added that a se...
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