A saver who lost her £50,000 pension won a rare victory against HM Revenue & Customs after it demanded more than £9,000 for breaking pensions withdrawal rules.
Elaine Curtis, a Scottish telesales manager, was one of 520 people who transferred their money to a company called Fast Pensions.
The firm used financial advisers , who were not regulated by the City watchdog, the Financial Conduct Authority (FCA), who persuaded pension savers to transfer their savings to companies owned by Fast Pensions in return for personal loans.
In 2012 Curtis needed a loan after getting into financial difficulty and having to pawn her engagement ring. Her friend recommended a financial adviser, who suggested that she transfer her BT company pension to get a £20,000 loan from
