Advisers alerted to "trust busting" pensions scam

The Occupational Pensions Regulatory Authority (Opra) is warning intermediaries and pension fund trustees to be on the lookout for a new form of pensions scamming which could lead pensioners with as little as 30% of their original pension pot. Advertisements offering pension liberation services are said to have attracted the attention of between five and ten cases so far, says Opra, because they claim to convert a person's pension into a tax-free lump sum, in a practice also known as trust busting. Organisers of these liberation schemes use adverts to attract people who urgently need ...