New transfer regulations will not stop scams say trustees

Trustees lack confidence the new regime will work and are uncertain as to the process

Jonathan Stapleton
clock • 3 min read
New transfer regulations will not stop scams say trustees

Nearly three-quarters of trustees are not confident the new pension transfer regulations will reduce scams in the long term, latest research from Barnett Waddingham finds.

The consultant's latest research said some 72% of the 101 trustees it polled are not confident the new regulations will, over time, reduce the number of scam victims. Indeed, 25% believe it will inevitably...

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