Two scam victims lose more than £1m pension savings each to fraudsters

The intelligence, gathered by members of the multi-agency Project Bloom group, comes after separate figures last year revealed the average victim of pension scams lost £91,000 each to fraudsters in 2017.  Victims reported receiving cold-calls, offers of free pension reviews and promises that they would get high rates of return. This follows the introduction of the pensions ban on cold calling, which came into force earlier this month. Firms who "break the rules" could face penalties of up to half a million pounds. The Pensions Regulator executive director of frontline regulation Ni...