Latest warning from tPR about pension transfer scams

The Pensions Regulator (tPR) has recently issued further warnings with regard to “Pension Scams” as the methods adopted by fraudsters are becoming ever more sophisticated.

One of the more recent changes of tact being used by criminals is to place anti-scam messages on their websites with the aim of misleading individuals into believing them to be legitimate pension arrangements. These websites imply they are regulated by carrying warning messages such as cautioning about the tax implications of accessing pensions before age 55 and the danger of responding to cold callers.

Where tPR finds such websites it will demand they immediately cease using material owned by tPR and will investigate with other government and regulatory agencies whether further action, such as legal proceedings, should be launched.