Strict financial advice rules leave pension savers open to 'ingenious' scammers

Trustees fear breaking the rules

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Industry experts revealed the true scale of the pensions scam problem remains unknown
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Industry experts revealed the true scale of the pensions scam problem remains unknown

Strict rules which prohibit pension schemes from giving financial advice are letting scammers get close to members to perpetrate fraud, according to industry experts.

Speaking today (14 October) at the Pensions and Lifetime Savings Association's (PLSA) virtual conference, Work and Pensions Committee (WPC) chairman Stephen Timms and Pensions Administration Standards...

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