Pension scams have cost members £26m in recent years

PMI finds average loss to members from pension scams is £16,500

Jasmine Urquhart
clock • 1 min read
There were 1,595 reported pension scams in England and Wales during 2020 to 2022, data from the National Fraud Intelligence Bureau shows
Image:

There were 1,595 reported pension scams in England and Wales during 2020 to 2022, data from the National Fraud Intelligence Bureau shows

The cost of pension scams over the last two years has cost members more than £26.4m, the Pensions Management Institute (PMI) has found. Looking at data from the National Fraud Intelligence Burea...

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

More on Admin / Technology

Capita and Civil Service issue joint statement on CSPS pension issues

Capita and Civil Service issue joint statement on CSPS pension issues

Statement apologises that members are not getting the service they deserve

Jonathan Stapleton
clock 29 January 2026 • 2 min read
Capita issues apology for Civil Service Pensions Scheme 'challenges'

Capita issues apology for Civil Service Pensions Scheme 'challenges'

TPA says it is sorry for ‘delays and frustration’ and sets out how it is putting things right

Jonathan Stapleton
clock 26 January 2026 • 2 min read
PASA publishes second round of digital administration guidance

PASA publishes second round of digital administration guidance

Second of three parts of guidance looks at planning the digital transformation journey

Holly Roach
clock 20 January 2026 • 2 min read
Trustpilot