The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice to reflect regulatory and legislative changes that have affected the industry over the last year.
The updated Combating Pension Scams code, published today (10 June), applies to all transfer requests, and aims to reflect how the tactics of scammers have evolved. There have been 10 key changes to the document since the June 2018 version in order to provide further guidance for trustees, providers and administrators on various initiatives. These include the cold-calling ban, which came into force in January this year; The Pensions Regulator (TPR) and The Financial Conduct Authority's (FCA) ScamSmart campaign launched last year; and the Money and Pensions Service, which launched in A...
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