Police make pension liberation arrests

iStock_000002107464XSmallThe City of London Police has announced they have broken up a suspected organised crime gang. The gang are believed to have cold called and sent text messages to thousands people across the UK, allegedly offering illegal pension liberation schemes. According to the City of London Police, three men were arrested on Wednesday morning when a call centre based in the city was raided. During the raid on the call centre, which housed up to 40 employees, documents and computers were seized. Additional arrests were made in ...

SIPPs: Regulators tighten the net around pension liberators

The Pensions RegulatorThe Pensions Regulator (TPR) has announced plans to tackle the growing number of pension liberation schemes. Pension liberation is the relatively harmless sounding name given to the pernicious practice of helping people access their pension before the age of 55, the earliest at which the vast majority of pensions can be taken. In December 2011 the High Court ruled that schemes which allowed people to access their pension before the age of 55 was illegal. However, despite this the amount of money ...