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

SPP: Covenant assessment under the new funding regime

SPP: Covenant assessment under the new funding regime

Guy Jackson says advisers and employers are now operating under a more structured framework

Guy Jackson
clock 24 March 2026 • 3 min read
House of Lords amendment will add scale test exemption for sub-sized DC schemes

House of Lords amendment will add scale test exemption for sub-sized DC schemes

Amendment will allow TPR to exempt schemes that prove they offer good value to members

Jonathan Stapleton
clock 23 March 2026 • 2 min read
Are administrators doing enough to prepare for dashboards, FCA chief asks

Are administrators doing enough to prepare for dashboards, FCA chief asks

Nikhil Rathi says dashboards could be catalyst for greater engagement with pensions

Jonathan Stapleton
clock 23 March 2026 • 2 min read
Trustpilot