High profile pension lawyer John Quarrell has lashed out at the financial regulators which shut down his company, accusing them of victimisation and underhanded behaviour.
On 14 October, judges at the High Court wound up his Freedom SIPP business after HM Revenue & Customs (HMRC) brought a legal action against him for tax irregularities. HMRC says it brought the case - with FSA backing - in the interests of Freedom SIPP members. However, Quarrell, a former head of pensions at Nabarro Nathanson and ex-chair of the Association of Pension Lawyers, claims the two financial regulators colluded against him to ruin his reputation. "People cannot believe what happened in court," he told Professional Pensions, a sister title of Professional Adviser. "I have s...
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