Ark Business Consulting

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

Pension reciprocation, or pension unlocking, agreements operated by Ark Business Consulting are illegal, judges in the High Court ruled today.

The legality of controversial pension unlocking services will be determined this week when the issue returns to the High Court.

A freezing order blocking pension ‘unlocking' companies moving more than £1m worth of assets abroad has been secured by Dalriada Trustees.