Displaying items by tag: scams
Pensions practitioner guide aims to combat scams
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.
Minister backs pensions scams warning
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.
Pension regulator steps up scam fighting efforts
The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.
53% of HNW clients hit by financial scams
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.
Over 3 in 4 pension transfers raise red flags in April
A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.
Scam warnings flagged up for 70% of pension transfers
Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.
Sentencing date set in £13m pension transfer fraud
A sentencing date has been set for two people charged in connection with a £13m pension transfer fraud.
2 in 3 pension transfers show scam signs
The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.
Online Safety Bill to include paid-for ads
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 twice as likely to fall victim to pension transfer fraud
Men are almost twice as likely to be at serious risk of pension transfer fraud than women, according to a new report.