Ombudsman warns Work and Pensions Committee over Covid-19 scams 'inundation'

£5m lost to fraud between February and June

Hope William-Smith
clock • 2 min read

Pensions Ombudsman Anthony Arter has raised concerns about the increase in pension scam activity during the coronavirus pandemic in a virtual meeting with the Work and Pensions Committee (WPC).

Arter - who is also the Pension Protection Fund Ombudsman - appeared before the WPC yesterday (8 July) as part of its regular scrutiny of public organisations accountable to parliament. The session considered the priorities and challenges likely to face Arter in the coming year, including a potential increased caseload from scam victims in the wake of Covid-19. A total of £5.1m worth of losses to fraud were reported across the UK between February and June, according to ActionFraud, including more than 11,000 coronavirus-themed scams with the most common of which were pensions-related....

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 Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read