Serious Fraud Office: SIPP industry must engage with us

clock

The Serious Fraud Office has urged the self-invested personal pensions industry to report unusual activity in the fight against fraud.

Speaking at an Association of Member Directed Pension Schemes (AMPS) compliance workshop, Paul Craig, head of external relations at the SFO said: "We need you as an industry to engage with us." He revealed the SFO has set up a pension liberation working group with representatives from the DWP, TPAS, FSA and HMRC and had met on "several" occasions. To build up greater intelligence, he urged investors and providers to come forward if they encounter any suspicious activity. He said: "Not everyone becomes a victim. We need to know about suspicions and people being approached. We need to b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Savers can draw down target retirement income for just 11 years

Savers can draw down target retirement income for just 11 years

Report exposes retirement income gap

Jenna Brown
clock 08 May 2025 • 3 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read
A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read