Members left suicidal after bogus pension liberation deals exposed

Jenna Towler
clock

Scheme members conned by pension loan operators have been left suicidal after finding out the deals are invalid and they face massive tax charges.

The Pensions Regulator, HM Revenue & Customs and the Financial Services Authority today (Saturday) warned members not to use pension loans or pension liberation companies to access their retirement...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Industry broadly welcomes DC consultation proposals but raises concern over some plans

Industry broadly welcomes DC consultation proposals but raises concern over some plans

Consultation looks at building scale, DC investment in the UK and innovation including the lifetime pot

Jasmine Urquhart
clock 16 January 2025 • 7 min read
PRA publishes insurance supervision priorities

PRA publishes insurance supervision priorities

Priorities oversee how UK life insurers should manage growth and complexity in BPA market

Jasmine Urquhart
clock 13 January 2025 • 2 min read
PSIG announces outcome of 'evolution or extinction' consultation

PSIG announces outcome of 'evolution or extinction' consultation

Scams group comments on usefulness of Code of Good Practice but calls for more industry support

Jasmine Urquhart
clock 20 December 2024 • 1 min read
Trustpilot