Pensions Liberation

Questions trustees need to ask when considering blocking transfers to suspected liberation schemes

Aviva says it expects to have blocked 600 suspected pensions liberation requests by the end of 2013.

Naomi Rainey looks at where HMRC and the High Court’s actions leave trustees

Trustees are still ‘none the wiser' following a High Court test case into suspected liberation vehicles, a lawyer warns.

A judge has ruled nine suspected liberation vehicles are occupational pension schemes, following a High Court hearing.

HM Revenue and Customs (HMRC) has made its scheme registration process more stringent in an attempt to prevent pension liberation fraud.

Naomi Rainey sums up the evidence presented in the second stage of TPR's hearing

HMRC has urged the pensions industry to continue to work closely with it to stamp out pensions liberation.

Pension liberation vehicles are often set up as occupational schemes to circumvent the need for Financial Conduct Authority (FCA) or professional trustee credentials, counsel for The Pensions Regulator (TPR) has argued.

The Pensions Regulator (TPR) has pledged to build on its relationship with HM Revenue and Customs (HMRC) to better understand fraud and to monitor micro-schemes more closely.