Pension scams have cost members £26m in recent years

PMI finds average loss to members from pension scams is £16,500

Jasmine Urquhart
clock • 1 min read
There were 1,595 reported pension scams in England and Wales during 2020 to 2022, data from the National Fraud Intelligence Bureau shows
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There were 1,595 reported pension scams in England and Wales during 2020 to 2022, data from the National Fraud Intelligence Bureau shows

The cost of pension scams over the last two years has cost members more than £26.4m, the Pensions Management Institute (PMI) has found. Looking at data from the National Fraud Intelligence Burea...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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