Advisers: Providers must take a stand against pension 'liberation'

Of 107 advisers polled, 86 said pension or self-invested personal pension (SIPP) providers should decline to transfer out a client's funds where liberation is suspected. The survey by Liberty SIPP also found that 68 advisers had noticed an increased incidence of clients being approached by the schemes. Managing director at the group John Fox said: "It's hugely encouraging to see that the vast majority of IFAs are keen to take a stand against pension liberation schemes. This is a shot across the bows of would-be pension liberators and sends out a clear message: stay away. "Make no m...