Pension liberation: is early release of funds ever appropriate?

The Financial Conduct Authority (FCA) has laid out its strategy for dealing with the “worrying emerging trend” of pension liberation and said that it will consider all elements of the value chain – including the role played by regulated advisers. FCA director of enforcement and financial crime Tracey McDermott used her appearance at Thompson Reuters Compliance & Risk Summit last week to praise providers for the steps they have taken to address increasing numbers of transfer requests from suspected pension liberation schemes, and to warn others involved in the process that their conduct w...