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Displaying items by tag: scams

Tuesday, 11 June 2019 09:32

XPS scam warning on £73m of pension savings

XPS Pensions Group has uncovered a surge in the number of ‘red flags’ being reported on pension transfers, indicating warning signs of scam activity, from 13% in June 2018 to 34% in June 2019.
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The Pension Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has published the results of a new study.
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Some victims of pension scams have lost more than £1m in savings each to fraudsters, new statistics have revealed.
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Experts have hailed the onset of a ban on pensions cold calling which came into force today.
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The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers. 
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A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.
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Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.
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Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.
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Wednesday, 01 February 2017 11:01

New pilot pension scam helpline launched

A new pension scam helpline has been set up by Zurich and The Pensions Advisory Service.
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A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.
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