Pension reciprocation, or pension unlocking, agreements operated by Ark Business Consulting are illegal, judges in the High Court ruled today.
This means members who used the company's services to access their pension pots before the age of 55 - the minimum age permissible to draw a pension - are likely to lose a proportion of their savin...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date