TPR needs power to halt suspected fraudulent transfers, report urges

James Phillips
clock • 3 min read

Pension companies must be given the power to trigger an “urgent regulatory response” to savers at risk of fraud, while regulators should be able to override the right to transfer, The People’s Pension and The Police Foundation have said.

Savers' pension pots are more vulnerable since the introduction of the pension freedoms, while £54m of combined savings were targeted by scammers at 13 providers last year alone, the pair said toda...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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