TPR publishes guidance on avoiding pension scams

TPR publishes guidance on avoiding pension scams

The Pensions Regulator (TPR) has published guidance on how pension scams work, the warning signs and the steps people running schemes can take to help savers avoid being scammed.

TPR says that as a result of COVID-19 (coronavirus), savers might increasingly look to transfer their pension, prompted by the instability of their employer or the financial markets. This means they could be increasingly targeted by scammers attempting to lure them to ‘safe havens’.

The guidance aims to help trustees, scheme administrators, business advisers and employers find out how they can beat pension scams and help savers be ScamSmart.

Source: TPR Guidance: Avoid pension scams

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