Pension scams are evolving


This 505-word blog post covers a new briefing note from the Pensions Policy Institute looking at the evolution of pension scams since the onset of pension freedoms in 2015, and how better data collection can aid protection from scammers. Written on 20th May 2020.

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Article preview: Pension savers have long been the targets of scams, but the current coronavirus pandemic is prompting scammers to up their game. According to the Pensions Policy Institute (PPI), victims of these pension scams lose more than £80,000 on average. However, with little data available about the scams, it can be hard to offer protection.