The Pensions Regulator (TPR) is carrying out seven criminal investigations into potential scams with indicative losses to savers' pensions of around £55m, The Pensions Regulator (TPR) has revealed.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
This week's top stories were the DWP fixing the 'nonsensical' no-deal Brexit investment regulations, and the Resolution Foundation urging the government to cap the pension tax-free lump sum at £40,000.
Pension cold-callers will face tougher sanctions from today as a long-awaited ban poses fines of up to £500,000 for "callous crooks" attempting to scam savers.
Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.
This week's top stories included The Pensions Regulator announcing its next chief executive, as well as the details of a joint fraud operation with the police.
The long-awaited regulations for a cold-calling ban have been approved by the House of Commons after an onerous journey to becoming law.
Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.
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.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
More than half of savers are worried about the government's delay to initiate a ban on cold calling, Aegon says as its research also reveals 91% have received them.
The Treasury has launched a second consultation on banning pensions cold-calling, which aims to seek final views on already-drafted regulation.
A consultation on a cold-calling ban will be published "imminently", the government has said as it laid out plans for the policy.
The government has confirmed the long-awaited ban on pensions cold-calling will now be delayed until Autumn.
A man has been arrested on suspicion of fraud after The Pensions Regulator (TPR) and the police launched an investigation over concerns savers were lured into poorly-run pension schemes.
Swift action to ban cold-calling has been promised by the government in a bid to stem the flow of pension savers being lured into scams.
Pension-related cold calls have increased by around 2.7 million since Freedom and Choice was introduced in April 2015, according to research commissioned by Aviva.
The Work and Pensions Committee (WPC) has said a cold-calling ban could be in place by summer if the government heeds its suggestions.
This week's top stories included 2020 Trustees being fined for failing to produce two chair's statements.
The much-anticipated ban on pensions cold-calling will be presented to parliament in "early 2018", the government has confirmed.
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Anti-scam messages on rogue websites are leading consumers to believe they are legitimate investment vehicles, The Pensions Regulator (TPR) warns.