This month marks the fifth anniversary of our Pledge to Combat Pension Scams campaign. The threat of scammers is ever-present, and trustees and administrators have a crucial role to play in protecting their members by making the Pledge. While national initiatives like the BBC’s Scam Safe week – which we are supporting this week – help raise awareness, it’s the pensions industry who are best positioned to warn and protect pension savers.
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Fraudsters are using increasingly sophisticated impersonation tactics to target savers’ pensions.
The enhanced intelligence we and our partners are developing means we can detect these threats and take action to prevent harm earlier. What we are seeing makes it clear that schemes must tighten their security – and take action to protect their members.
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Fraudsters who steal people’s pensions ruin lives. It’s as plain and simple as that. At The Pensions Regulator (TPR), our mission is to ensure savers’ money is protected — now and in the future.
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