Pension scams

The Pensions Regulator (TPR) has replaced three trustees who were deemed to be under the control of "shadow trustee" David Austin in a suspected £14m fraud.

Two trustee firms connected with suspected pension liberation schemes have been wound up by the High Court following a probe conducted by the Insolvency Service.

The Pensions Regulator (TPR) has upgraded its scorpion campaign in a bid to protect people from pension scams.

The Pensions Ombudsman (PO) has rejected a complaint of maladministration against Prudential after it granted a transfer request into a suspicious pension scheme.

The Pensions Ombudsman (PO) has experienced a 240% increase in the number of new investigations opened in relation to suspected pension liberation.

Two north-west businesses have been wound up by the High Court after convincing 209 people to put total pension savings of £11.9m into a fraudulent investment scheme.

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.