HMRC tightens grip on pension scheme registration to combat liberation fraud

HMRC said the additional measures build on its fit and proper persons registration requirements. Scheme administrators will in future be required to provide HMRC with additional information and declarations online. They may also be asked to produce further information and documentation, a newsletter update on liberation said. HMRC said: "This builds in additional safeguards to ensure that people running pension schemes together with the people who offer them advice are doing so wholly and mainly for the purpose of making authorised payments of pensions and lumps sums in line with the ...