Looky-likeys: help your clients spot a pension liberation scheme

Pension liberation has become a hotly-debated topic. A common view is that only the self-employed with pots of £40,000 or £50,000 are targets, with these ‘liberators’ having no interest in the small stakeholder pots. That may have been the case in the past, but not now. What we are talking about is fraudulent pensions liberation. Of course, an individual can legally access their pension pot before retirement, but they do have to pay tax - and rather a lot of it. But that is not what is being offered by the fraudsters. The ‘traditional’ liberation – whereby the ‘adviser’ pockets 40%...