To 'protect other pension holders'
Reports in financial year 2015/16
Number of scams on the rise
Hughes v Royal London decided in February
Royal London blocked suspect transfer
HMRC has no power to waive tax charges
Royal London blocked £9k pension pot transfer
Based on victims' experiences
Judge to rule on suspicious blocked transfer
Pension was invested in unregulated property scheme
Why SSAS administrators must be fit, proper and prudent
Prudential has been cleared of any wrong-doing by the Pensions Ombudsman after it granted a transfer to a suspicious pension scheme.
Advisers have been urged to review any small self-administered schemes (SSAS) on their books to ensure the pensions properly comply with strict HM Revenue & Customs (HMRC) rules.
The pensions ombudsman has dismissed a complaint against Royal London over its decision to turn down a transfer request into a suspected pension liberation scheme.
There were more than 750 reported cases of pension liberation fraud last year, an increase on the previous 12 months, according to the latest figures.
Pension liberation scams have pushed four people who used them to take their own lives after realising they had lost much of their retirement fund, according to a victims campaigner.
The Pensions Ombudsman (PO) has dismissed complaints against Legal and General (L&G) and Scottish Widows after they granted transfer requests worth over £50,000 to a suspicious pension scheme.
A wealth manager has entered liquidation because it is unable to pay back clients to whom it mis-sold investments, leaving Financial Services Compensation Scheme (FSCS) levy payers to pick up the bill.
DB transfer advice: Is it worth the reputational risk?
TPAS' Michelle Cracknell talks guidance and advice
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Pension administrators will be required to provide HM Revenue & Customs (HMRC) was additional information before setting up new schemes as part the crackdown on pension liberation.
Fraudsters targeting retirement pots through liberation or bogus transfers will take advantage of pensions freedom to target an even greater number of savers, Phoenix has warned.
Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.