The Pensions Liberation Industry Group is set to release its code of practice on pension transfer due diligence in early July.
Margaret Snowdon (pictured), who leads the group, called on the industry to stop referring to the practice as 'pensions liberation'. "I would like it to be called pension fraud and pension scams," she said. "One of the biggest barriers to defending against pension liberation is difference in practice,". The group was formed earlier this year to help industry professionals tackle pension liberation scams. It includes trustees, administrators, legal advisers, insurers, regulators and consumer representatives.
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