Pension bosses handed 34-year ban for £12m pension liberation 'house of cards'

Kevin Kirkwood was handed a 10-year ban, while Gary Quillan and Gregory Garrett were both given 12-year disqualification orders on 18 September at the High Court in Manchester. The court heard that the two firms involved - Liverpool-based KJK Investments and Windermere-based G Loans - operated a ‘pension liberation scheme' allowing savers to access pension benefits before the age of 55. Some 209 individuals were offered loans by G Loans on the condition that they simultaneously invested their existing pension in KJK Investments shares - the value of that investment being typically twi...