Pension scam ‘red flags’ jump to 51% as the government takes action – is your pot safe?

Pension scam ‘red flags’ jump to 51% as the government takes action – is your pot safe?

It bodes well that the government and pension bodies involved are taking steps to correct these issues but obviously, they are not the only ones affected by these scams.

Peter Janes, the Founder and CEO of Shieldpay called on ancillary companies to recognise their obligations: “It’s not just pension firms that should be engaged in the fight against fraud.

“There must be greater involvement of banks, payment companies and technology providers that can prevent people from transferring money into the hands of fraudsters when red flags are raised.

“Cross-industry teams will only increase knowledge sharing, the creation of new resources and pave the way for greater collaboration in the mounting fight against all fraud.”

Published at Wed, 09 Sep 2020 19:42:00 +0000