The Pensions Regulator (TPR) has published on Wednesday a blog from our Executive Director of Frontline Regulation, Nicola Parish, calling for a united effort in stopping scams.
The blog highlights a new joint assessment by TPR and the National Fraud Intelligence Bureau into the threat of pension scams and calls on schemes to follow a new guide on how to report concerns about scams to the authorities.
Nicola wrote, “Our recognition of the potential power industry holds in stopping scams is why we launched our Pledge to Combat Pension Scams campaign.
“I’m particularly interested in seeing how the pensions industry can follow the banking industry’s lead in developing innovative ways to scupper scammers.”
She added, “We know scammers’ methods will continue to evolve which is why we have worked with The National Fraud Intelligence Bureau to jointly review the threat of pension scams.
“Importantly, schemes should report concerns about scams to the authorities.
“To help ensure that this can be done effectively we and our partners have published a guide to reporting pension scams.”