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

SPP publishes Pension Schemes Bill call for evidence response

SPP publishes Pension Schemes Bill call for evidence response

SPP reiterates opposition to proposed mandation powers for scheme investment

Martin Richmond
clock 22 August 2025 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Reeves eyes £2bn raid on tax-free pension lump sum, areas for Budget pension reform, BPA market expectations

Professional Pensions
clock 22 August 2025 • 1 min read
Good News Corner: PP staff walk 30km for charity

Good News Corner: PP staff walk 30km for charity

PP team walked 30km around London to raise money for Incisive Media foundation charities

Professional Pensions
clock 22 August 2025 • 1 min read
Trustpilot