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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry body launched to support pension endgame decisions

Industry body launched to support pension endgame decisions

Group will provide impartial insight as DB schemes face ‘crucial endgame decisions at unprecedented pace’

Holly Roach
clock 16 June 2025 • 1 min read
'Opt-out' approach could boost pension participation among self-employed, Nest Insight says

'Opt-out' approach could boost pension participation among self-employed, Nest Insight says

Research finds 52% of self-employed expressed interest in autosave retirement model

Martin Richmond
clock 16 June 2025 • 4 min read
Sophia Singleton: A year as SPP president

Sophia Singleton: A year as SPP president

The SPP president reflects on her first year leading the representative body

Sophia Singleton
clock 16 June 2025 • 4 min read
Trustpilot