HMRC and TPR forge stronger links to combat pension liberation

The pensions watchdog, which has published its draft compliance and enforcement policy for trust-based defined contribution (DC) schemes, said it would develop existing intelligence-sharing protocols it has with HMRC, especially when looking at new scheme registration. This comes after the industry demanded that HMRC tighten its scheme registration process to prevent pension liberation fraud schemes being set up. TPR's draft policy sets out how it will monitor, investigate and enforce compliance with its rules on trust-based DC, which it published in January and which will become law ...