Half of pension scam red flags raised by schemes involves advisers, finds survey

clock • 2 min read

Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.

The voluntary body set up to support trustees, providers and administrators found these included advisers in a different country from the scheme member, or an adviser who appeared on an internal wa...

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 Law and Regulation

Budget 26: Government to remove two-year tax rule on lump sum death benefits

Budget 26: Government to remove two-year tax rule on lump sum death benefits

Changes will also be made to how tax due on excess lump sum death benefits is collected

Jonathan Stapleton
clock 28 October 2026 • 2 min read
Budget 26: Government confirms changes to HMRC terminal illness definition

Budget 26: Government confirms changes to HMRC terminal illness definition

Move will make it easier for people at the end of their life to access their pension savings

Jonathan Stapleton
clock 28 October 2026 • 2 min read
Schemes could be overpaying tax on DB surplus refunds, advisers say

Schemes could be overpaying tax on DB surplus refunds, advisers say

HMRC position conflicts with legislation and trustees remain unwilling to launch challenge

Alex Levy
clock 26 October 2026 • 4 min read
Trustpilot