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ABI supports The Pension Regulators pension scams campaign

The Pensions Regulator (TPR) is warning savers of the consequences of falling victim to a pension scam as part of a campaign to tackle the problem

The campaign has highlighted cases of victims who have been stung by the scams which can put savers at risk of losing thousands of pounds in retirement savings or even their entire pension pot.

Mark Allen, Manager, Fraud and Financial Crime, ABI, comments:

"We welcome this important development in the crackdown on pension scams. ABI members are doing everything they can to prevent innocent people falling victim to these fraudulent scams, reporting suspicious transfers to the enforcement agencies and government departments.

"We will continue to work closely with The Pensions Regulator and Government to stop this fraudulent misuse of the pension system.”

Further information on how the scams work can be found on our Pension scams page or by visiting www.pension-scams.co.uk.

Last updated 01/07/2016