Financial advisers and/or unregulated introducers have had some involvement in half of suspected pension scams, a report by the Pension Scams Industry Group (PSIG) has claimed.
The report found around half (52%) of red flags raised by due diligence on suspected scam pension transfers involved an unregulated introducer, an adviser in a different country from the scheme member,...
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
Market volatility means inaccurate CETVs
Nearly £1m lost already
Break in contributions not ruled out
Five launched last year
Focus on rebuilding business not FSCS levy
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