Financial Conduct Authority and The Pension Regulator release press statement on Pension Scams

The Financial Conduct Authority (FCA) and The Pension Regulator (TPR) issued a press release on the 8th November. This follows analysis they have undertaken which found the average amount of pension savings lost to pension scams in 2018 was £82,000, this would take the average saver 22 years to build up.

 

https://www.thepensionsregulator.gov.uk/en/media-hub/press-releases/22-years-of-pension-savings-gone-in-24-hours

 

Scam Smart Campaign relaunched

The FCA has also re launched their Scam Smart campaign which includes a new quiz and some steps pension savers should take to protect themselves.

https://www.fca.org.uk/scamsmart