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ABI comment on DWP committee report re pension scams

Commenting on today’s report from the Work and Pensions Committee into protecting pensions from scams, Yvonne Braun, Director of Policy, Long-term Savings and Protection, at the Association of British Insurers (ABI), said:

“People’s life-savings must not be left vulnerable to scammers and con artists. With mortgages already protected by a cold-calling ban it is high time pensions were given the same level of protection. Further measures to prevent fraudsters switching to spam emails and texts will also be important.

“Savers need to be clear that any unsolicited contact about their pension is not to be trusted – they should instead seek quality guidance from PensionWise and The Pensions Advisory Service, and advice from regulated financial advisers.”

Last updated 11/12/2017