Second-hand annuities: Fraud and money laundering pose real risk

Fraudsters don't stick to just one scam

clock

Fraudsters follow the money, writes Mike Crowe. Here, he outlines why fraud and money laundering pose a very real threat to the second-hand annuity market...

Sometimes you get asked a question and the knee-jerk reaction is to dismiss it out of hand as just a wee bit daft. (My wife says she treats everything I ask in that way.) But with a bit more thought the penny drops and the question actually has some depth to it. That's the process my brain went through when I was asked the question: "So when the second-hand annuity market comes along won't that offer new opportunities for fraudsters and money launderers?" You see I had fallen into the trap of thinking pension fraudsters were all about pension liberation and unregulated investment o...

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 Pensions

PCLS after age 75: Addressing a common misconception

PCLS after age 75: Addressing a common misconception

Pension legislation does not impose an upper age limit on the payment of PCLS

Caitlin Southall
clock 14 August 2026 • 4 min read
The AI ship has sailed and pension providers are still sitting on the shore

The AI ship has sailed and pension providers are still sitting on the shore

'The AI interface has arrived'

Jonathan Lister Parsons
clock 13 August 2026 • 6 min read
CRM integration project highlights AI-powered innovation potential

CRM integration project highlights AI-powered innovation potential

Project reflects a broader shift in adviser technology

Joe Power
clock 04 August 2026 • 3 min read