Overloaded fraud police need industry support on scams, MPs told

James Phillips
clock • 3 min read

Police and regulators need greater resources to tackle the rising threat of pension scams, the Work and Pensions Committee (WPC) has been told, so the industry should also play its part in reporting all suspected scam activity.

Despite one-third of all reported crimes being related to investment fraud, including pension scams, just 1% of the police force is dedicated to investigating the offences, MPs heard as part of the...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

Industry reacts to Labour Party manifesto

Industry reacts to Labour Party manifesto

Industry says questions remain over many pension policy details

Jasmine Urquhart
clock 13 June 2024 • 6 min read
Labour Party manifesto pledges pension review and climate action

Labour Party manifesto pledges pension review and climate action

Review will consider steps needed to improve outcomes and boost productive investment

Martin Richmond
clock 13 June 2024 • 1 min read
Green party sets out manifesto commitments

Green party sets out manifesto commitments

Fossil fuel divestment, pensions tax relief equalisation and state pension promise

Jasmine Urquhart
clock 12 June 2024 • 3 min read
Trustpilot