Arrests made after police raid pension liberation call centre

Jenna Towler
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A City of London call centre at the heart of a pension liberation operation has been raided by police and several people have been arrested.

Police said the raid had dismantled a suspected organised crime gang believed to be cold-calling and text messaging pension holders across the UK with fraudulent offers that could destroy their retirement plans. The investigation forms part of a wider cross government multi-agency operation against pension liberation activity, which has seen thousands of people estimated to have released up to £400m into high risk and non-existent investment schemes, many of which are based overseas. Some of this money has been totally lost to fraudsters, with victims also being hit by significant tax...

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