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

PPI - Too much or not enough? The Pensions Commission's low earners dilemma

PPI - Too much or not enough? The Pensions Commission's low earners dilemma

John Upton says low earners are a group that is particularly vulnerable to undersaving.

John Upton
clock 03 July 2026 • 4 min read
FCA consults on proposals to support stronger SIPP market standards

FCA consults on proposals to support stronger SIPP market standards

Watchdog says it aims to improve consistency and adequacy of due diligence

Jonathan Stapleton
clock 22 June 2026 • 1 min read
Will pension firms become subject to a robot tax?

Will pension firms become subject to a robot tax?

Matthew Giles looks at how taxing the ‘labour’ performed by AI would impact pensions

Matthew Giles
clock 18 June 2026 • 3 min read
Trustpilot