Hundreds of pension scams go undetected with £31m lost in three years

Holly Roach
clock • 3 min read

Pension scammers are “slipping through the net” as hundreds of fraud cases each year do not get passed to the police to investigate, according to Quilter.

The firm's research revealed in 2019 despite nearly 400 reports to Action Fraud, just two fraud cases a month were passed to police to investigate. It also noted that since 2017, £30,857,329 has...

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 Industry

Members apathetic towards pensions, study finds

Members apathetic towards pensions, study finds

Research finds majority of savers prioritised checking social media or fitness apps over their pensions

Martin Richmond
clock 24 September 2026 • 3 min read
News Digest: Families risk losing inheritance tax discount because of pension reforms

News Digest: Families risk losing inheritance tax discount because of pension reforms

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 September 2026 • 1 min read
L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Trustpilot