Pension savers lose £8m to scams in March - police figures

The record £8.6m losses came from just 24 victims, and totalled more than the previous 12 months' reported losses combined. The previous post-pension freedom high was a reported £4.9m loss from a total of 78 victims in May 2015. Savers have now reported £42.5m worth of scams since April 2014. The City of London Police said loss figures are reported by victims themselves, so human error needed to be taken into account when assessing the statistics. Pension scams have been a major concern since the advent of pension freedom and research from earlier this year indicated two-thirds of ...