All fraud articles – Page 10
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Features
Oxford University Press tackles pensions fraud with data matching
The Oxford University Press pension scheme has volunteered to take part in the Cabinet Office’s National Fraud Initiative data matching exercise to help detect and prevent benefit fraud.
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Opinion
Will the pensions dashboard live up to its potential?
The Pensions Management Institute’s Tim Middleton explains why the dashboard is an exciting opportunity, but warns there are also dangers.
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OpinionLock the door on hackers
Editorial: Would you leave your front door open when you go out? Not if you can help it. Online, it happens a lot.
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NewsPensions Regulator: Cyber security should be key on risk registers
Trustee boards should be assessing their risk of cyber attack and taking steps to protect member data and scheme assets, the chief executive of the Pensions Regulator has said.
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News
Uptick in scams prompts call for tighter regulation
A recent increase in reports of suspected pension scams has been called “the tip of the iceberg”, as experts said tighter legislation would help schemes ensure their members do not lose hard-earned retirement savings.
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Opinion
Change in law is needed to stop scammers, experts say
Scam activity could be present in as much as 11 per cent of pension transfer requests, consultancy Xafinity has found. Trustees and lawyers say legal constraints prevent them from protecting individuals.
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OpinionScams: What trustees can do to avoid members becoming victims
Trustees are, in fact, indirect victims of scams, so action to protect members is more often than not action that also helps themselves.
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OpinionOur priorities and approach – an update from the Pensions Regulator
Lesley Titcomb reveals which issues top the regulator’s agenda over the next three years.
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OpinionBuchanan: Government should close legal gaps to stop scammers
The Society of Pension Professionals’ Duncan Buchanan hopes the government will update pensions regulation as promised to ensure scammers are prevented from creating fraudulent schemes that trick the public out of their hard-earned savings.
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News
High Court ruling ramps up fears over pension liberation
The High Court has ruled against insurer Royal London for blocking a pension transfer where it suspected the receiving fund could be a pensions liberation scheme, prompting industry observers to raise concerns about protections for members, providers and trustees.
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News
Pension freedom report: Must do better
A clearer definition of advice and stronger warnings about scams were two of the points raised in the Work and Pensions Committee’s report on pension freedom this week, which has found support across the industry.
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Opinion
Pension savers lack confidence on scams
From the blog: Two in every five people are not confident they could tell the difference between a scam and a genuine investment.
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Opinion
Are you protecting members – and trustees – from liberation scammers?
Any Other Business: The threat to members from pensions liberation was pressing even before the introduction of greater freedom and choice. Now, there are many more ways to trick members into legally parting with their money.
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Opinion
Why trustees are caught in the middle on pension liberation
In this week’s edition of Informed Comment, Hogan Lovells’ Jill Clucas argues scheme trustees are between a rock and a hard place on battling pension liberation, and looks for a solution.
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Opinion
A scheme guide to pension liberation
DLA Piper’s Matthew Swynnerton sets out a checklist for schemes to determine if members could be under threat of pension liberation, and what they can do about it, in this week’s edition of Technical Comment.
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News
Scams burden remains in spite of HMRC registration
News analysis: A High Court ruling last week established the Pensions Regulator’s authority to take action against schemes it believes to be fraudulent.
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Opinion
Why clarity is needed over pensions liberation
In this Informed Comment, Sackers’ Zoë Lynch takes a look at the tricky situation faced by schemes over pensions liberation, and why a “simple amendment within the existing legislative framework” might not be enough to help them.
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Opinion
Editorial: Put fraud firmly in the shade
As the mercury rose last week, attention on pension fraudsters also hotted up as the regulator brought a liberation case to the High Court.
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News
Regulator: liberation fraud more sophisticated threat
News analysis: Pension liberation fraud has become more sophisticated, according to the Pensions Regulator, which is now targeting specific liberation models in a bid to slow down the pace of fraudulent activity.
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News
SPC: Pot-follows-member a 'breeding ground' for fraud
The government’s pot-follows-member proposals threaten to “overstretch” the industry and expose members to greater risk of pension liberation fraud, if introduced at the peak of auto-enrolment in 2014, the Society of Pension Consultants has warned.