Pensions firms are calling for a list of registered pension providers in the UK so insurers can crack down on pension liberation scammers operating outside of the law.
The way alleged pension liberation schemes were operated after their inception is evidence they are not occupational pension plans, a lawyer for The Pensions Regulator (TPR) has argued.
The average 30 year old should save £824 a month into a pension to retire comfortably at 65 according to deVere Group..
HSBC will no longer offer its Workplace Retirement Services (WRS) through external advisers, it has confirmed.
The assets pension savers are allowed to invest in should be restricted and authorised, to avoid any further scandals like Harlequin, London & Colonial has warned.
A pension liberation website - Pension Cash Now - has had one of its adverts banned by the Advertising Standards Authority (ASA).
The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.
The current High Court case regarding pensions liberation does not have the scope to end the practice, a Chancery Division judge has warned.