Thousands of pension scam victims receive more than £80m in compensation

Compensation awarded to more than 2,000 members of 58 schemes targeted by fraudsters

Martin Richmond
clock • 3 min read
Thousands of pension scam victims receive more than £80m in compensation

More than 2,000 individuals who were the victims of pension scams have received over £80m in compensation payouts, a group of industry regulators and bodies have confirmed.

In a joint statement issued today (19 August), The Pensions Regulator (TPR), the Fraud Compensation Fund (FCF), The Pensions Ombudsman, and Dalriada Trustees confirmed over the last year, a total o...

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 Law and Regulation

Could pension pots solve the housing crisis?

Could pension pots solve the housing crisis?

Vidett’s Alison Hatcher chats to LCP partner and former pensions minister Steve Webb

Alison Hatcher
clock 09 September 2026 • 6 min read
DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP seeks views on draft GMP conversion regs and revaluation rates for early leavers

Jonathan Stapleton
clock 03 September 2026 • 2 min read
HMRC clarifies information sharing for IHT on pensions

HMRC clarifies information sharing for IHT on pensions

Second technical note sets out process for scheme administrators within customer journey

Alex Levy
clock 28 August 2026 • 2 min read
Trustpilot