An independent financial adviser (IFA) behind a number of suspected pension liberation vehicles appeared to be "playing fast and loose" in setting up the schemes, the High Court has heard.
Dalriada Trustees and Pi Consulting are seeking a ruling on the legal status of nine suspected liberation schemes, following arrests in the City of London in May. The Pensions Regulator (TPR) is arguing they are, in fact, personal pension schemes due to the language used in scheme documentation. Counsel for TPR Jonathan Hilliard said background facts around the establishment of the companies and schemes suggest they were never intended to be used to provide employment benefits, a key test in the legislation. IFA Charles Conway established four companies on 21 December 2012: Talton ...
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