AMPS Conference: industry 'frustrated' over pension liberation fraud

Several delegates at the Association of Member-Directed Pension Schemes (AMPS) conference, being held today in London, said they were frustrated by the on-going fraud and how best to tackle the problem. Representatives from The Pensions Regulator and the Serious Organised Crime Agency (SOCA) said they understood the frustrations but they were building a strong strategy behind the scenes and input from the industry was essential. SOCA Prevention manager John Power said his department was working with the industry to formulate prevention methods, as well as moves to ‘disrupt and disloca...