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

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government green-lights CDC scheme expansion, Sterling 20 initiative launches, inflation figures published

Professional Pensions
clock 24 October 2025 • 1 min read
PMI calls for urgent reform as UK's savings system 'at a tipping point'

PMI calls for urgent reform as UK's savings system 'at a tipping point'

Professional body looks to spark debate on UK savings crisis as Pensions Commission revived

Jonathan Stapleton
clock 24 October 2025 • 1 min read
News Digest: Pension funds scoop up ex-private equity executives

News Digest: Pension funds scoop up ex-private equity executives

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

Professional Pensions
clock 24 October 2025 • 1 min read
Trustpilot