The Pensions Regulator (TPR) is investigating 21 pensions liberation cases, after the amount of money transferred through the scams doubled to £400m last year.
Only three cases have been announced publicly by TPR - the Ark Business Consulting schemes, the Hollywell Enterprises scheme and an alleged case in the Pennines and Mendip schemes, where action is continuing in the High Court. Speaking at IFAonline's sister title Professional Pensions' administration forum, TPR case team leader Victoria Holmes said pensions liberation scams target a wide range of people including members struggling on bankruptcy lists. Holmes warned tough economic times were playing a role in the increase, with members desperate to pay off debt or mortgages or having ...
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