TPR launches new campaign to combat scams
Date:
Today The Pensions Regulator (TPR) has launched a major new campaign urging the pensions industry to publicly make a pledge to combat pension scams. A dedicated website is available where trustees, advisers and providers can sign up to carry out the six pledge steps.
Anthony Arter, Pensions Ombudsman said:
“Here at The Pensions Ombudsman (TPO) we welcome TPR’s new campaign. Now more than ever it is vital that the industry takes positive steps to raise public awareness and protect people’s pensions."
Visit TPR’s website for more information and to read the full press release.
Related news
- TPO sets out its position on trustees’ obligations when considering a member’s request to exercise a pre-2021 statutory transfer right from an occupational pension scheme.Date:The Pensions Ombudsman (TPO) has published a Determination concerning a pension scheme member (Mr D) who transferred from the British Steel Pension Scheme (the Scheme) to a small self-administered pension scheme in 2014. Mr D complained, some years later, that although this was in accordance with his wishes at the time, the transferring trustee (the Trustee) failed to carry out sufficient due diligence to check for scam warning signs, and then communicate the presence of those warning signs to him. As a result, Mr D claimed he had lost valuable retirement benefits.
- Deborah Evans, Chair, reflects on her first month at TPODate:In her first blog, Deborah Evans, TPO’s newly appointed Chair, sets out her thoughts on joining the organisation at such a pivotal time.