1 thought on “Pensions Ombudsman Squashed by High Court”
Bri
A completely unregulated firm, working with a cold-calling outfit, is allowed to force through transfers to a company scheme where the company does not trade and sends the pensions funds via Gibraltar to Cape Verde?
How is that allowed to happen? Why should the UK taxpayer fund the tax relief on pensions if this is the result? It is not just the investor that pays, it is the British public for the tax relief and the tax on the profits of this transfer that will not end up being paid in the UK or anywhere else!
A completely unregulated firm, working with a cold-calling outfit, is allowed to force through transfers to a company scheme where the company does not trade and sends the pensions funds via Gibraltar to Cape Verde?
How is that allowed to happen? Why should the UK taxpayer fund the tax relief on pensions if this is the result? It is not just the investor that pays, it is the British public for the tax relief and the tax on the profits of this transfer that will not end up being paid in the UK or anywhere else!