Hundreds of pension scams go undetected with £31m lost in three years

Holly Roach
clock • 3 min read

Pension scammers are “slipping through the net” as hundreds of fraud cases each year do not get passed to the police to investigate, according to Quilter.

The firm's research revealed in 2019 despite nearly 400 reports to Action Fraud, just two fraud cases a month were passed to police to investigate. It also noted that since 2017, £30,857,329 has...

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 Industry

Nest acquires 10% stake in IFM Investors

Nest acquires 10% stake in IFM Investors

Master trust will buy ownership stake in IFM’s holding company, Industry Super Holdings

Holly Roach
clock 05 February 2025 • 2 min read
UK Pensions Awards 2025: Call for judges

UK Pensions Awards 2025: Call for judges

Judges will get a ‘behind the scenes’ glimpse at how an industry-wide awards is run

Jonathan Stapleton
clock 05 February 2025 • 1 min read
News Digest: UK's pension wealth is being 'squandered', Phoenix boss warns

News Digest: UK's pension wealth is being 'squandered', Phoenix boss warns

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 05 February 2025 • 1 min read
Trustpilot