How HMRC's pension checking policy landed savers in hot water

Michelle McGagh
Paperwork
Paperwork

Changes to the way HM Revenue & Customs (HMRC) registers pension schemes have been hailed as a blow to pension liberation scammers but that conveniently skips over badly the system operated before.

The biggest change HMRC is making is that it will abandon the 'process now, check later' policy that it had adopted when registering pension schemes for tax relief.