The Pensions Regulator (TPR) has launched a pledge initiative to encourage everyone involved in the retirement industry to publically commit to combat scams.
The initiative - launched on 10 November with support from the Pension Scams Industry Group (PSIG) - encourages providers, advisers and pension scheme trustees to support a pledge to take all possible action to reduce and protect members from scams, and includes clear guidance around appropriate due diligence and best practice. The watchdog is calling on the industry to publicly pledge their support for the initiative. According to Action Fraud, more than £30m has been lost to pension scammers since 2017. TPR executive director of frontline regulation Nicola Parish said: "Pension sca...
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