fraud

The Financial Conduct Authority (FCA) has launched a campaign to raise awareness of the increased risk of pension scams after freedom and choice takes effect.

The Pension Liberation Industry Group has published a code of good practice for combating pension scams to help trustees dealing with suspicious transfer requests.

The Pensions Regulator (TPR) has shut down a group of five pension liberation schemes that had taken more than £134m from over 1,400 people.

One in eight people over 50 has been approached by fraudsters offering early access to their pension pot according to research from Fidelity Worldwide Investment reveals.

Trustee boards are devoting insufficient time to administration issues despite identifying maladministration as the biggest risk they faced, according to research from Baker Tilly.

Pension funds could have been cheated out of millions of pounds by manipulation of the £3trn foreign exchange (FX) markets, warns Mark Taylor, dean of Warwick Business School.

The National Employment Savings Trust (NEST) has conceded it has little chance of recovering most of the £1.4m it lost due to fraud in 2012/13.

Tracesmart's Catherine Dunn explains the benefits of carrying out a data cleanse.

Aviva says it expects to have blocked 600 suspected pensions liberation requests by the end of 2013.

A fifth of pension schemes have reported fraud within the past two years but many schemes are failing to address the problem, according to research.