Two scam victims lose over £1m pension savings each to fraudsters

Kim Kaveh
clock • 1 min read

Two pension scam victims have lost more than £1m in savings each to fraudsters, data from Action Fraud reveals.

The intelligence, gathered by members of the multi-agency Project Bloom group, comes after separate figures last year revealed the average victim of pension scams lost £91,000 each to fraudsters in...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Robin Ellison – We are all professionals now

Robin Ellison – We are all professionals now

PP’s regular columnist asks if we should really expect all sellers to have a fiduciary duty

Robin Ellison
clock 12 December 2024 • 10 min read
TPO orders trustees to repay more than £5m to members of three schemes

TPO orders trustees to repay more than £5m to members of three schemes

Investigation finds scheme trustees had engaged in pension liberation arrangement

Martin Richmond
clock 29 November 2024 • 2 min read
SPP: Build it and they will come? Considering the case for multi-employer CDC

SPP: Build it and they will come? Considering the case for multi-employer CDC

John Wilson asks if sponsoring employers are ready to make the move to CDC

John Wilson
clock 26 November 2024 • 3 min read
Trustpilot