PSIG chair Margaret Snowdon says focus on bigger picture ‘rather than perfection’
In a webinar held in September, Professional Pensions’ expert panel looked at the dangers of pension scams and discussed the dangers posed by taking bad or no advice.
The Pensions Scams Industry Group (PSIG) has published version 2.2 of its code of good practice on combating pension scams.
The Work and Pensions Committee (WPC) has urged the government and regulators to “act quickly and decisively” to protect pension savers from scams.
The Pensions Regulator (TPR) has called on the pensions industry to step up to stop scammers following a “concerning” long-term drop in reporting.
Local Pension Partnership Administration (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
The pensions industry “can’t compete” with the “ingenuity” of scammers until industry jargon is removed and communications are simplified, according to industry experts.
The Pensions Regulator (TPR) is carrying out seven criminal investigations into potential scams with indicative losses to savers' pensions of around £55m, The Pensions Regulator (TPR) has revealed.
Margaret Snowdon says the industry remains handicapped, regardless of multiple layers of protection adopted on a voluntary basis