Cost of living exposing savers to more scams, TPR warns

The regulator has set out a new scams strategy and is calling on the industry for ideas

Hope William-Smith
clock • 2 min read
Parish: “Our new scams combat plan sets out to make savers aware of the risk of scams"
Image:

Parish: “Our new scams combat plan sets out to make savers aware of the risk of scams"

The Pensions Regulator (TPR) is calling on schemes to adopt higher standards of protection for savers’ pots as the ongoing cost of living crisis exposes them to potential new pension scams.

The regulator's new scams strategy - published today (3 August) - warns savers might be "lured by offers to access their pension savings" earlier than tax limits allow in order to cover essential c...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR updates DB covenant guidance

TPR updates DB covenant guidance

Guidance for DB trustees is aligned with regulator’s funding code

Holly Roach
clock 04 December 2024 • 7 min read
UK Pensions Awards 2025: Two days left to register!

UK Pensions Awards 2025: Two days left to register!

Next year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 04 December 2024 • 5 min read
L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read
Trustpilot