Trustees called to do 'all they can' in fight against scams

Trustees fearful of lack of engagement from members

Martin Richmond
clock • 1 min read
Watts-Lay: "It is time that trustees and employers do all they can to stop pension scammers in their tracks"
Image:

Watts-Lay: "It is time that trustees and employers do all they can to stop pension scammers in their tracks"

Almost all (92%) trustees fear scammers will target scheme members who are approaching their retirement, according to a Wealth at Work and Pensions Management Institute (PMI) survey.

Overcoming the risks at retirement surveyed a range of trustees on a variety of risks which members face as they approach their retirement. The survey also revealed that 73% of trustees are anxi...

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

Martin Richmond
Author spotlight

Martin Richmond

Reporter at Professional Pensions

More on Defined Benefit

USS chief executive Bill Galvin

USS chief executive to step down next year

Bill Galvin will step down in 2023, after a decade in the role

Martin Richmond
clock 28 September 2022 • 1 min read
Insurers' ESG credentials key knowledge area for trustees

Insurers' ESG credentials key knowledge area for trustees

Trustees should consider four key areas of when evaluating insurers ESG credentials

Martin Richmond
clock 27 September 2022 • 1 min read
Industry Voice: Member Security & Member Flexibility - Optimising A Buyout For Your Members

Industry Voice: Member Security & Member Flexibility - Optimising A Buyout For Your Members

Aon’s Gemma Cowan and Jamil Merali discuss the importance of considering members in the run up to buyout and whether a trustee’s obligations end when a scheme is bought out.

Gemma Cowan and Jamil Merali, Associate Partners at Aon
clock 26 September 2022 • 4 min read
Trustpilot