Pensions liberation update
The High Court has handed down a judgment following a case that was brought by the Pensions Regulator (tPR) against nine alleged pension liberation arrangements. While the decision assists tPR, it does not provide much help to trustees faced with the dilemma of whether to agree to a transfer request where the receiving scheme appears to be involved in liberation activity.
This note outlines the outcome of the judgment, summarises tPR's expectations on how trustees should deal with a suspicious transfer request and suggests some practical tips for trustees where they encounter liberation activity.
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