£3K liberation penalty is a drop in the ocean for scammers

Naomi Rainey says HMRC's extra powers will make no difference

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As George Osborne kicked off his pensions ‘revolution' last week, the government sought to ease concerns about potential fraud by handing HMRC some new powers to tackle liberation.

The tax authority will operate a more proactive registration and de-registration systems and it can also levy a £3,000 fine against anyone providing false information in the process. While any t...

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