Pension fraudsters are often described as ‘pushy', but what else do we know about them? Natasha Browne investigates
Pension scammers are a persistent bunch, always finding fresh ways to pull the wool over innocent savers' eyes. Figures from the Financial Conduct Authority (FCA) show £1.2bn is lost to investment fraud, including pension liberation, every year. The average loss is £20,000. Experts are worried the Budget freedoms will exacerbate the problem. Last year The Pensions Regulator (TPR) executive director Andrew Warrick-Thompson said the flexibilities could give fraudsters more ammo when trying to lure people in. "It could have the effect where people say ‘hey look, it's all legal – co...
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