TPR: Report scams or you are failing to protect savers

Just 400 schemes and organisations have so far signed the pledge

James Phillips
clock • 1 min read
TPR executive director of frontline regulation Nicola Parish
Image:

TPR executive director of frontline regulation Nicola Parish

Trustees need to be more proactive in reporting suspected scams or they are failing to protect savers, The Pensions Regulator (TPR) has warned.

While the watchdog issued its Pledge to Combat Pension Scams in November 2020, just 398 schemes and organisations have signed up. This is out of around 28,000 defined contribution (DC) schemes and ...

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

Festina Finance enters UK pensions admin market, Schroders scheme invests in LTAF and £900m bulk annuity deal

Professional Pensions
clock 27 June 2025 • 1 min read
News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

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

Professional Pensions
clock 27 June 2025 • 1 min read
Renting in retirement halves chances of reaching minimum living standard

Renting in retirement halves chances of reaching minimum living standard

Having to pay housing costs in retirement reduces chances of minimum RLS to 43%

Martin Richmond
clock 24 June 2025 • 3 min read
Trustpilot