Combating pension scams—the code of good practice

Table of contents

• Original news
• What does the code cover?
• What are the code’s key principles?
• What else does the code contain?
• How well-supported is the code of practice?
• How will trustees and administrators benefit from the code?

Article summary

Pensions analysis: People who are tempted by pension scams can find that their savings have been transferred to dubious and unregulated investment structures, or have simply disappeared. Because of that, an industry group, the Pension Liberation Industry Group, was formed, to develop a code of good practice for use in pension transfers. Maralyn Thomas, director at Castle Pension Trustees, considers the contents of the code.