Scheme identity verification standards are too basic and come too late in the process
The Pensions Regulator (TPR) has banned three people from serving as pension trustees after around £9m was suspected of being scammed from 346 savers.
Anne-Marie Winton looks at the changing nature of pension fraud and what can be done about it.
Nearly one in three pension schemes has been affected by fraud, with victims experiencing a threefold rise in scams in the last 12 months alone, latest RSM research reveals.