TPR relaunches scams campaign
The Pensions Regulator’s (TPR) ‘Pledge to Combat Pension Scams’ has amassed almost 400 schemes that have pledged or self-certified that they meet the Pledge’s principles, since its launch in November 2020.
TPR believes too few suspected scams are reported, and more must be done to ensure pension savers are protected.
Anthony Arter, Pensions Ombudsman said:
“Pension scammers can cause major damage to people’s finances. I continue to see cases where the distressing impact only comes to light many years after a transfer from a legitimate scheme. TPO is seeking to assist those who have suffered such losses by piloting a new dedicated unit to deal with these specialist cases, directing trustees to repay money obtained through dishonest means.
It is important for the pensions industry to be vigilant and ensure pension scheme members are protected. Understanding and complying with the new transfer regulations is essential to ensure members are safe from scammers.”
Find out more about the pledge on TPR’s website.
Related news
- Pro Bono Week: Interview with Patricia Critchley of Slaughter and MayDate:The Volunteer Adviser Programme has been around for over 40 years helping members of the public to informally resolve problems with their occupational and personal pensions. Our volunteers which include pension professionals from the legal industry resolve over 80% of the cases they receive. In 2025, international law firm Slaughter and May decided to partner with The Pensions Ombudsman (TPO) to support its volunteer programme. Today we are interviewing Patricia Critchley who is Senior Counsel at Slaughter and May and a pro bono volunteer for TPO.
- Operating Model Review 2025/26 - Off to a flying start…Date:In this blog mid-way through 2025/26, the Pensions Ombudsman, Dominic Harris, looks back on the achievements of the Operating Model Review programme and our priorities going forward.