One in five firms aware of staff hit by pension scams - research

'Surprising' only 40% of firms are raising awareness

Kim Kaveh
clock • 3 min read

Just under 20% of firms know of one or more employees that have been victims of a pension scam, a Barnett Waddingham study has found.

However, in the survey of 243 UK organisations conducted in July, 50% of respondents said they knew none, and 31% were unsure. Some 38% of all organisations said they have raised awareness of pension scam to safeguard employees against being scammed; 40% of these said they know at least one of their employees have been victims; 42% said none have been scammed, and 18% were unsure. Of the total pool of respondents, just over a third said they have not raised awareness on scams but are keen to do so just to be safe, while 28% have not run any awareness campaigns and are not looking to d...

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

MoneyHelper pension dashboard expected to launch in 2027/28

MoneyHelper pension dashboard expected to launch in 2027/28

Maps CEO says ‘significant’ progress has been made since schemes began connecting to ecosystem

Martin Richmond
clock 21 May 2026 • 2 min read
Up to 15 million not saving enough for retirement, Pensions Commission warns

Up to 15 million not saving enough for retirement, Pensions Commission warns

Report looks at the state of retirement saving in the UK

Holly Roach
clock 19 May 2026 • 3 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 19 May 2026 • 3 min read