Pension Liberation

Why SSAS administrators must be fit, proper and prudent

Prudential has been cleared of any wrong-doing by the Pensions Ombudsman after it granted a transfer to a suspicious pension scheme.

Advisers have been urged to review any small self-administered schemes (SSAS) on their books to ensure the pensions properly comply with strict HM Revenue & Customs (HMRC) rules.

The pensions ombudsman has dismissed a complaint against Royal London over its decision to turn down a transfer request into a suspected pension liberation scheme.

There were more than 750 reported cases of pension liberation fraud last year, an increase on the previous 12 months, according to the latest figures.

Pension liberation scams have pushed four people who used them to take their own lives after realising they had lost much of their retirement fund, according to a victims campaigner.

The Pensions Ombudsman (PO) has dismissed complaints against Legal and General (L&G) and Scottish Widows after they granted transfer requests worth over £50,000 to a suspicious pension scheme.

A wealth manager has entered liquidation because it is unable to pay back clients to whom it mis-sold investments, leaving Financial Services Compensation Scheme (FSCS) levy payers to pick up the bill.

DB transfer advice: Is it worth the reputational risk?

TPAS' Michelle Cracknell talks guidance and advice