Too good to be true? The return of pension liberation schemes

Pension liberation schemes, which extract money from pension funds before the normal retirement age through investment schemes and loans back to members, have come under increased scrutiny from regulators since the financial crisis began. These schemes, which are often found to be invalid, can leave members with depleted pension funds and no hope of getting the money back. Earlier this year The Pensions Regulator (TPR), Financial Services Authority (FSA) and HM Revenue & Customs (HMRC) joined together to issue a warning to consumers about the products, which are often marketed online, t...