The Pensions Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has launched an ‘Interim Practitioner Guide’ which details the key due diligence steps to undertake when assessing a pension transfer.

Pensions Minister Laura Trott has backed a call from three scam-fighting bodies warning pension scheme trustees and savers of a potential increased risk from scammers seeking to cash in on economic uncertainty.

The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.

More than half (53%) of High Net Worth individuals say they have been victims of a financial scam - a 10% rise in just six months.

A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.

Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.

A sentencing date has been set for two people charged in connection with a £13m pension transfer fraud.

The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.

Social media companies and search engines will be responsible for preventing paid-for scam adverts on their platforms under a new amendment to the draft Online Safety Bill.

Men are almost twice as likely to be at serious risk of pension transfer fraud than women, according to a new report.