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

Why waiving the right to tax-free cash is not a straightforward decision

Why waiving the right to tax-free cash is not a straightforward decision

Depends on a number of factors

Lisa Webster
clock 14 May 2026 • 3 min read
King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read