Half of pension transfers flagged as potential scam
Over 50 per cent of pension transfers carried out since the Covid crisis have triggered a scam warning. This data was compiled for the Work and Pension Select Committe by XPS Pensions...
Over 50 per cent of pension transfers carried out since the Covid crisis have triggered a scam warning. This data was compiled for the Work and Pension Select Committe by XPS Pensions...
Almost half of those currently on DB transfers say they are unsure whether they will still be active in this market in a year’s time, according to new research. More stringent regulation...
The scale of pension fraud appears to be far in excess of figures reported to Action Fraud. A report published by The Police Federation highlights the scale of the problem, saying this...
The government should legislate to give pension companies and regulators greater powers to help prevent fraud and protect savers. This should include the ability to stop transfers they believe are fraudulent, even...
Larger occupational pension schemes and master trusts could be compelled to improve reporting over climate change risks, under proposals published by the Department of Work and Pensions today. In its consultation paper...
Regulators have teamed up with football commentators to further raise awareness of pension scams and encourage savers to show fraudsters ‘the red card’. The new campaign comes as TPR and the FCA...
I’ve been waiting for a while for anyone to come up with a good argument as to why introducers – particularly those that intervene on DB pension transfers – should not be banned....
The Work and Pensions Committee will examine the impact of pension freedoms, with the initial focus of its inquiry looking at whether savers are adequately protected from pension scams. This is the...
A strong faith in nudge and a deep focus on conflicts of interest are the two themes that emerge when talking to Baroness Jeannie Drake, the Labour peer who was one of the original...
The Public Accounts Committee has called for a review of pension tax relief, to ensure it is effective and providing value for money. This is part of a wider review into tax...