Schemes hit by fraud doubles in just two years

Stephanie Baxter
clock

More than one third of pension schemes experienced fraud this year as risks to members were increased by the introduction of the April freedoms, according to research by RSM.

The figure is more than double the 17% reported in the firm's last pension fraud risk survey in 2013. The firm said this "dramatic" increase in fraud was worrying, especially as 20% of schemes s...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

EDI - a call to action from the regulator

EDI - a call to action from the regulator

Christina Bowyer reports on an industry panel discussion on EDI

Christina Bowyer
clock 01 March 2024 • 4 min read
PLSA 24: TPR to publish 'suite' of guidance soon

PLSA 24: TPR to publish 'suite' of guidance soon

Louise Davey talk on general code encourages trustees to ‘be honest’ about gap analysis

Jasmine Urquhart
clock 29 February 2024 • 3 min read
TPR staff launch fresh wave of strike action over pay and conditions

TPR staff launch fresh wave of strike action over pay and conditions

Walkouts come as PCS sets out proposals to end the dispute

Jonathan Stapleton
clock 28 February 2024 • 2 min read
Trustpilot