PLSA responds to TPR/FCA pension scams ScamSmart campaign
07 August 2019
Caroline Escott, Policy Lead: Investment & Stewardship PLSA, said:
“It’s vital we keep up the battle against scammers and raising public awareness is a key part in this fight.
“The ScamSmart campaign is a crucial step towards protecting savers from being hoodwinked into high-risk or fraudulent investments. Together with the cold-calling ban, we welcome the government and regulators’ commitment to stamping out pension fraud.
“Pension professionals must continue to remain vigilant as scammers are very quick to adapt their methods. We encourage trustees and administrators to get to grips with the recently revised code of practice from the Pensions Scams Industry Group (PSIG). We also reiterate our call on the Government to introduce a tailored authorisation regime as soon as possible – focusing on those schemes which present the greatest risk – such as single-member schemes – to give people confidence that their pension scheme is a legitimate home for their retirement savings.”
Mark Smith, Senior PR Manager
020 7601 1726 | [email protected]k
Steven Kennedy, PR Manager
020 7601 1737 | 07713 073024 | [email protected]