94% of trustees fear members will be scammed

Warning that lax due diligence could be compounding the problem

Hope William-Smith
clock • 1 min read

Findings show almost all (94%) trustees fear their members approaching retirement will be scammed.

A joint survey from Wealth at Work and the Pensions Management Institute considered responses from trustees between June 2020 and April 2021 finding all were "well aware" of the persistence of scam...

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

Industry advocates for increased member support in run up to retirement

Industry advocates for increased member support in run up to retirement

PP survey shows 85% favour increased support for members on cusp of retirement

Martin Richmond
clock 19 February 2025 • 2 min read
L&G launches retirement planner for DC members

L&G launches retirement planner for DC members

Offers support for savers to help with decumulation journey and financial planning

Holly Roach
clock 19 February 2025 • 1 min read
News Digest: Toxic pensions row at heart of Labour WhatsApp scandal; French pension battle reignites

News Digest: Toxic pensions row at heart of Labour WhatsApp scandal; French pension battle reignites

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

Professional Pensions
clock 19 February 2025 • 1 min read
Trustpilot