pensions scams

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports. The Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) are raising their concerns given the heightened risk of pension transfers following recent redundancies. The FCA and TPR warn that transferring out...

Charlotte Jackson is head of guidance services and customer protection strategy at the Money and Pensions Service. Her pensions guidance teams support those scammed on pensions and investments or who have questions and concerns about them. Charlotte also works with the Financial Conduct Authority (FCA) and others to share any insights from her teams that may protect consumers from...

Carolyn Jones, pensions expert at the Money and Pensions Service said: “We know that Coronavirus has lead to an increase in uncertainty but it’s crucial not to rush into any pension decisions. A small amount of time on the phone with a pension specialist could make all the difference, helping you to avoid risking the retirement savings you’ve built up over your working life. For free...

David Loosemore, Technical Specialist – Team Leader at the Single Financial Guidance Body, commented: “The SFGB welcomes the research from PSIG (Pension Scams Industry group) which highlights the ongoing challenges in tackling pension scams. Whilst there is no silver bullet, one of the keys to success will be continued collaboration across the sector and sharing of intelligence and...

Charlotte Jackson, Head of Pensions Guidance Services at the Single Financial Guidance Body commented: “Pension scams can be devastating for anyone that falls victim to one. In many cases a lifetime’s savings can be lost in moments. Evidence has shown that prevention is the best defence against pension scams. While our research says eight scam calls take place every second, the good...

John Govett, Chief Executive of the Single Financial Guidance Body, said: “Pension scams can be devastating for anyone that falls victim to one. Pension scams can be very convincing and often begin by someone approaching you with the offer of a free pension review or perhaps an offer for more attractive returns, but ultimately can rob you of your hard earned retirement. “We welcome the...

FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes

How MaPS can help those who have been scammed on their pensions

Media comment: FCA Pension savers claim over £30 million lost to scams

Media comment: Single Financial Guidance Body responds to new Pension Scams Industry Group research

Media comment: Single Financial Guidance Body responds to TPR release on fraudster families running multimillion pound pension scams

Media comment: Single Financial Guidance Body responds to pensions cold-calling ban

Managing money in uncertain times