Pension Liberation Fraud — the sting in the tail for pension trustees

According to the Pensions Regulator (tPR), pension liberation fraud is on the increase. It describes these arrangements as ones where there is a promise of cash before age 55 and where a significant tax charge is likely to be incurred. These arrangements may not actually be illegal in every case but even where the receiving arrangement is legal, members might nevertheless be persuaded to transfer their benefits to their (considerable) detriment.

While most pension scheme trustees are likely to applaud tPR’s efforts in ensuring that members do not fall victim to these scams, those same trustees might not appreciate the full extent to which tPR expects them to play their part in protecting their members. Pension scheme trustees and administrators are usually likely to report any concerns they have about a receiving scheme to tPR if they come across something that appears to be suspicious during the transfer process.

But would trustees and administrators expect to take proactive steps to find out whether the receiving arrangement could be a liberation scheme? …

If you are registered and logged in to the site, click on the link below to read the rest of the Stephenson Harwood briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Stephenson Harwood

View more briefings from Stephenson Harwood

Analysis from The Lawyer

Browse This Firm’s


1 Finsbury Circus

Turnover (£m): 121.00
No. of lawyers: 341 (UK 200)
Jurisdiction: UK
No. of offices: 5
No. of qualified lawyers: 86 (International 50)
No. of partners: 26