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

Holly Roach
Author spotlight

Holly Roach

Deputy Editor at Professional Pensions

More on Risk Reduction

Reebok scheme ties up £32m buy-in deal with Just Group

Reebok scheme ties up £32m buy-in deal with Just Group

Transaction secures the benefits of all 452 scheme members

Holly Roach
clock 26 March 2026 • 2 min read
Essentra Pension Plan completes £104m buy-in with Aviva

Essentra Pension Plan completes £104m buy-in with Aviva

Transaction secures the benefits of both deferred and pensioner members

Holly Roach
clock 25 March 2026 • 2 min read
Panasonic scheme secures £140m buy-in with M&G

Panasonic scheme secures £140m buy-in with M&G

‘Streamlined’ transaction secures the benefits of around 650 scheme members

Holly Roach
clock 24 March 2026 • 2 min read
Trustpilot