Government plans to overhaul the retirement process could increase the threat of pensions liberation fraud by overstretching administrators, warns the Pensions Administration Standards Association (PASA).
The organisation was responding to the Treasury's Freedom and Choice in Pensions consultation on the changes announced in the Budget, which closed this week. PASA policy and strategy sub-committee chairman...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.