FCA is wrong to think rich people more likely to be victims of fraud

Michael Klimes
clock • 4 min read

Six in ten people criticised the observation from the Financial Conduct Authority (FCA) that people with more money in their pots would fall victim to pension liberation more often.

Better off people were shrewder than they were given credit for and would be able to survive a scam better according to the majority of Pension Buzz's 134 respondents. One pundit said: "I ag...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: How satisfied are you with the government's pension policies?

Buzz: How satisfied are you with the government's pension policies?

Labour’s pension policies, IFS Pensions Review and GMP equalisation

Professional Pensions
clock 07 July 2025 • 1 min read
TPR to join forces with industry to develop net-zero transition template

TPR to join forces with industry to develop net-zero transition template

Regulator says final version of template will be presented to DWP later this year

Martin Richmond
clock 07 July 2025 • 1 min read
Pension Schemes Bill set for second reading in parliament today

Pension Schemes Bill set for second reading in parliament today

Measures in the bill will lay the foundation for the upcoming Pensions Review

Holly Roach
clock 07 July 2025 • 3 min read
Trustpilot