Progress on pension scam prevention is being made but criminals "always have their eye on the next opportunity", The Pensions Regulator (TPR) has warned.
Speaking at the Association of Member-Directed Pension Schemes conference on 22 May, TPR's Anthony Raymond said it was a big achievement to have the government, regulators, Work and Pensions Committee and wider industry "singing from the same hymn sheet" but added it was essential to keep on the front foot. Raymond, the watchdog's acting executive director of regulatory policy and general counsel, said: "There is no point trying to sugar coat it, the damage is done at the moment the pension is transferred into the unknown. "However, progress is being made in policy and public apprecia...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
