Do we need a wider industry approach to pension liberation?

PP looks at whether more could be done to prevent members from transferring out in the first instance?

Kristian Brunt-Seymour
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Do we need a wider industry approach to pension liberation?

HMRC has come under fire for how it gathers tax from victims of pension liberation. However, could more be done to prevent members from transferring out in the first instance? Kristian Brunt-Seymour looks at the options.

At a glance: Protective assessment letters could remind members of the repercussions if they decide to transfer out early. Providers and independent government bodies should reinforce the dangers...

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