Displaying items by tag: scams
FOS says fraud and scam complaints at record level
The Financial Ombudsman Service has reported a record 8,734 fraud and scam cases in just a three-month period this year, the highest ever quarterly level.
FCA warns Hartley Pensions' clients of scams
The Financial Conduct Authority has warned clients of failed SIPP firm Hartley Pensions to be wary of scams or fraudsters as administrators of the collapsed provider begin to send out information about the transfer out process.
Pensions practitioner guide aims to combat scams
The Pensions Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has launched an ‘Interim Practitioner Guide’ which details the key due diligence steps to undertake when assessing a pension transfer.
Minister backs pensions scams warning
Pensions Minister Laura Trott has backed a call from three scam-fighting bodies warning pension scheme trustees and savers of a potential increased risk from scammers seeking to cash in on economic uncertainty.
Pension regulator steps up scam fighting efforts
The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.
53% of HNW clients hit by financial scams
More than half (53%) of High Net Worth individuals say they have been victims of a financial scam - a 10% rise in just six months.
Over 3 in 4 pension transfers raise red flags in April
A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.
Scam warnings flagged up for 70% of pension transfers
Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.
Sentencing date set in £13m pension transfer fraud
A sentencing date has been set for two people charged in connection with a £13m pension transfer fraud.
2 in 3 pension transfers show scam signs
The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.