Keeping ahead of the pension scammers In 2019 there were 3.2 million victims of financial fraud, and the Financial Conduct Authority (FCA) reported that the average loss was £91,000. The FCA and the Pensions Regulator (TPR) have been working to raise awareness of pension scams in pension holders aged 45-65, the group identified as being most at risk, as the latest research from the FCA suggests that 42% of pension savers – or over five million people in the UK – could be at risk from the scammers.
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