Pension scams

Natasha Browne examines the latest decisions on pension transfer requests

The Pensions Ombudsman (PO) Tony King has ordered Prudential to provide a transfer request to a member wishing to move his funds into a newly-created pension scheme.

The Pensions Ombudsman (PO) has dismissed complaints against Legal and General (L&G) and Scottish Widows after they granted transfer requests worth over £50,000 to a suspicious pension scheme.

PP talks to the departing Pensions Ombudsman

The UK Independence Party (UKIP) would double the budget set aside for Pension wise this year from £30m to £60m if it wins the general election on 7 May.

Citizens Advice Bureau (CAB) has warned pensioners are twice as likely to be targeted by fraudsters after it received over 5,000 calls last year.

Almost 40% of people over the age of 50 could fall victim to pension scams by failing to treat unsolicited letters as suspicious, research shows.

The Financial Conduct Authority (FCA) has launched a campaign to raise awareness of the increased risk of pension scams after freedom and choice takes effect.

The Pensions Regulator (TPR) has banned two trustees from practice after they took part in an £11m liberation scam.

Stephanie Baxter asks if the UK should take heed of the US pensions clampdown