Pension liberation fraudsters 'exploiting Budget to target savers'

Snowdon, who leads the Pension Liberation Industry Group, told Professional Adviser's sister title Professional Pensions liberators are using the radical reform of retirement income to legitimise offers of early access to cash. She said: "People are being approached by scammers who are telling them they can access all their cash and it is government sanctioned." The reforms could lead to more people being tempted into liberation schemes, as "as it seems unfair you can get cash at 55, but you can't at 54", Snowdon said. "We've already seen signs of increased activity," she added. ...