Pension fraud losses 25% higher than original estimates

James Phillips
clock • 1 min read

The amount of savings lost to pension fraudsters in the wake of Freedom and Choice is £2.7m higher than previously thought, new data reveals.

A previous analysis of statistics from the City of London Police, by AJ Bell, suggested money lost to fraud between April and October 2015 totalled £10.6m. However, an updated analysis suggests ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Nest convenes member assembly to help shape investment decisions

Nest convenes member assembly to help shape investment decisions

Paul Todd says the future of pensions should be shaped by those who rely on them

Paul Todd
clock 21 May 2026 • 4 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 18 May 2026 • 3 min read
BlackRock launches LTAF to broaden DC access to private markets

BlackRock launches LTAF to broaden DC access to private markets

LTAF seeded by two UK DC schemes with BlackRock scheme allocating 20% to the fund

Jonathan Stapleton
clock 18 May 2026 • 1 min read
Trustpilot