Scams
Giving pension trustees more powers will not stop scams
As retirees are still at risk after transferring out of their DB schemes
Property investment firms wound up after stealing £2.85m
70 investors were promised returns ranging between 7% and 16.9%
85 UK firms investigated over pension scams
Six have already agreed to review their permissions as a result
Best Practice | 5 Oct 20
UK regulator urged to draft rules on pension guidance
Four million people could be missing out on free support ahead of retirement
Prudential latest victim of impersonation scams
Fraudster created fake letters and brochures using the firm’s logo