14 December 2020
What Trustees need to do to protect members from pension scams
What Trustees need to do to protect members from pension scams. Unfortunately, scammers often see turbulent times like these, when people are concerned and vulnerable, as an opportunity. In July, Action Fraud reported that victims of coronavirus-related scams had lost over £11million, with it previously stating that pension scams had been among the most common type of fraud during the crisis. Victims of pension scams can be left approaching retirement with a significantly reduced income and in some cases, entire life savings can be lost.
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