It should be mandatory for small self-administered pension schemes to have a professional trustee to avoid potential devastating tax charges, a provider has said.
Retirement Planner's round up of the top pension stories this week.
An IFA who has been plagued by phone calls from pension liberation promoters has decided to fight back against this shadowy part of the industry by reporting the firms to the Financial Conduct Authority (FCA).
The Pensions Advisory Service (TPAS) has fielded 500 pension fraud liberation calls since the start of the year and released a video warning on the dangers of accessing a pension pot early.
Retirement Planner's round-up of the top pension stories this week.
The financial regulator has issued a fresh warning to consumers on the dangers of early pension release scams, also known as pension liberation schemes.
Delays, overpayments, errors and entitlement disputes topped the list of complaints investigated by The Pension Advisory Service's (TPAS) over the past year.
Retirement Planner's round-up of the top pension stories this week.
The High Court hearing into the legal status of nine suspected liberation schemes has been adjourned until the autumn, The Pensions Regulator (TPR) has confirmed.