A promise to convert your pension to cash before retirement, and sometimes before the age of 55, can also be called pension liberation.
This name makes it sound positive, but it is not usually possible to access your pension before the age of 55 unless you are seriously ill.
If someone offers you a scheme like this, it’s probably a scam and will result in serious tax consequences.
In fact, taking your pension early mean you’re charged up to 70%. On top of that, the company offering this will probably have transfer fees that could also take a large portion of your pension pot.