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.
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.
Some victims of pension scams have lost more than £1m in savings each to fraudsters, new statistics have revealed.
Experts have hailed the onset of a ban on pensions cold calling which came into force today.
The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.
A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.
Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.
Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.
A new pension scam helpline has been set up by Zurich and The Pensions Advisory Service.
A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.
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