Rachel Vahey: Walking a fine line on DB transfer restrictions

A sobering thought for you: I have recently spent a lot of time talking about pension scams. This is partly the light the pandemic has shone on the problem, but there is also a growing focus from industry, regulators, and government. The scam of pension liberation or trust-busting - where victims are encouraged to transfer to another pension scheme and take the funds early - is rarer now than ten years ago. HM Revenue & Customs (HMRC) now takes a more stringent attitude to registering pension schemes, but there's also a more robust approach adopted by the industry. However, most peopl...