Five million pension savers could be putting their retirement pots at risk to scammers, The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) warn as part of their latest ScamSmart campaign.
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The long-awaited regulations for a cold-calling ban have been approved by the House of Commons after an onerous journey to becoming law.
The government and the Financial Conduct Authority (FCA) are "keeping under review" suggestions the regulator should update its rules on regulated firms buying leads obtained by cold-calling.
Scammers may be trying to steal savings from workers by falsely claiming to be calling from The Pensions Regulator (TPR), according to a warning from the watchdog.
A ban on pension cold-calling will be put into law by June this year after the government introduced amendments to the Financial Guidance and Claims Bill.
A ban on pensions cold-calling will be in place before the start of the next decade, a Treasury minister has told the Work and Pensions Committee (WPC).
The much-anticipated ban on pensions cold-calling will be presented to parliament in "early 2018", the government has confirmed.
Former pensions minister Baroness Ros Altmann has claimed civil servants gave explanations that "didn't really ring true" for not introducing a cold calling ban while she was in office.
This week's top stories included the House of Lords amending the Financial Guidance and Claims Bill to introduce new requirements around cold calling.
Margaret Snowdon says the industry must be more willing to err on the side of caution as the government's solutions will not stop scammers
The industry does not believe the government's proposed cold calling ban will impact on providers' confidence to contact members about the importance of savings.
The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.
This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.
This week we want to know if the current emergency tax code system for pension freedom withdrawals should be replaced to avoid over-taxation.
The government's plans to ban pensions cold calling could be subject to further delays amid speculation that yet another consultation is on the cards.
Respondents say GMP equalisation is too complex, costly, and should be binned.
This week's top stories include The Pensions Ombudsman rejecting a complaint against Standard Life for refusing to provide a second transfer value quotation.
The upcoming Financial Guidance and Claims Bill will not include the pensions cold calling ban, the Department for Work and Pensions has said.
Online fraud has become the most commonly reported crime across England and Wales, yet the government, law enforcement agencies and the industry overlook it, the National Audit Office (NAO) warns.
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.
The Pensions Regulator (TPR) has launched a series of anti-scam tools to aid savers in spotting scams before they fall victim to them.
'Government campaigns can work'
The number of UK adults who received cold calls about their pension rose to 26% according to research commissioned by Phoenix Group.