Insolvency Service issues scam warning after £202m of pension savings 'misused'

Holly Roach
clock • 2 min read

Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.

The government agency has warned savers to be particularly wary of cold calling, offers of free pension reviews and promises of high rates of return. Since 2015, the service has applied to the c...

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 Risk Reduction

Macmillan Cancer Support scheme completes full buyout with Aviva

Macmillan Cancer Support scheme completes full buyout with Aviva

Buyout fully secures members’ benefits following a £33.7m buy-in deal in 2024

Martin Richmond
clock 30 January 2026 • 1 min read
UK PRT market surpasses £500bn after 'record activity'

UK PRT market surpasses £500bn after 'record activity'

Hymans predicts £1trn of pension scheme liabilities will have been insured by 2035

Holly Roach
clock 29 January 2026 • 2 min read
Primula scheme signs £6.6m buy-in deal with PIC

Primula scheme signs £6.6m buy-in deal with PIC

Transaction secures the benefits of all 74 scheme members

Holly Roach
clock 27 January 2026 • 2 min read
Trustpilot