TPR: People 'ashamed' to report pension scams

Speaking at the Retirement Planner forum - a sister title of Professional Adviser - Warwick-Thompson warned pension freedoms had made older people vulnerable to being targeted by pension fraudsters. He echoed earlier findings from the Financial Conduct Authority, which had detected a trend of investment fraud targeting the over-55s. "We seem to be getting the highest number of reporting of scams from people aged between 50 and 59, which is consistent with the view that freedom and choice may well inadvertently have made them targets for scams," Warwick-Thompson said. He said men were...