Latest TPR scorpion campaign urges members to scamproof saving
19 March 2015
Pension scheme members are being urged to 'scamproof' their savings for the scorpion campaign update, launched earlier this week by The Pensions Regulator in partnership with other regulators and government partners.
The campaign offers advice for savers on how to spot a scam, and what to do if they are contacted by a suspect organisation. It also calls on trustees to encourage members to contact Pension Wise, the new government service aimed at helping those approaching 55 to understand their options.
Materials aimed at trustees and administrators include an action pack containing a checklist of common tactics used by scammers and points to a new code of good practice that sets out due diligence processes to combat pension scams.