A convicted fraudster has been jailed after scamming tens of thousands of pounds from almost 800 victims in a complex pension fraud operation, a South Wales police force has said.
Nearly one in 10 over-55s fear they have been targeted by suspected scammers since the launch of the pension freedoms, research by Prudential has found.
Two men were sentenced to jail after luring 16 victims into transferring nearly £1m of their pensions into a non-existent occupational scheme in an "elaborate" liberation scam.
Independent governance committees (IGCs) may see their remit expanded to include reporting on social investing issues under Financial Conduct Authority (FCA) plans unveiled in its business plan today.
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.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
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.
This week's top stories included the government suggesting it may review the order of creditors in an insolvency event, and Barclays defending plans to move responsibility for its DB scheme to its investment banking arm.
Four scammers have been told to pay back £13.7m after luring 245 pension savers to transfer funds to 11 bogus schemes.
The government and the industry "need to work in partnership" to enable savers to take control of their future, pensions and financial inclusion minister Guy Opperman has said.
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).
Cases of suspected scams are the most common reason for The Pensions Regulator (TPR) using its section 72 power to demand information from companies or pension schemes.
The Pensions Regulator (TPR) has banned three people from serving as pension trustees after around £9m was suspected of being scammed from 346 savers.
The frequency of potential scams in transfer requests declined three percentage points compared to last year, according to Xafinity.
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's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.
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.
A former independent financial adviser (IFA) has been jailed for six years after embezzling more than £1m of pension scheme funds to fund his "lavish lifestyle".
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.
The Pensions Regulator (TPR) has convicted an office manager after she failed to provide information it needed for an investigation into a suspected £13.8m scam.
This week we want to know whether you think pensions would be worse off if the government had never had a specific pensions minister.
The Pensions Regulator (TPR) has warned employers to avoid becoming victim to fake auto-enrolment (AE) certificates after it revealed it had launched an investigation.
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.