Pension scams

The Insolvency Service has made a successful application to the High Court to place two trustee firms linked to pensions scams into provisional liquidation

The High Court has put two trustee companies connected with suspected pension liberation schemes into provisional liquidation following applications made by the Insolvency Service.

A pension saver who transferred combined pots of £100,708 into a suspicious scheme has been unsuccessful in unlocking his funds.

The danger of consumers falling into non-regulated financial advice is increasing and the government must act to increase protection for pensions freedom savers, the Personal Finance Society has said.

Natasha Browne examines the latest decisions on pension transfer requests

The Pensions Ombudsman (PO) Tony King has ordered Prudential to provide a transfer request to a member wishing to move his funds into a newly-created pension scheme.

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.

PP talks to the departing Pensions Ombudsman

The UK Independence Party (UKIP) would double the budget set aside for Pension wise this year from £30m to £60m if it wins the general election on 7 May.

Citizens Advice Bureau (CAB) has warned pensioners are twice as likely to be targeted by fraudsters after it received over 5,000 calls last year.