Back to News    |    6 January 2017

TPAS launches online pension scam guidance tool

On 3 January 2017, The Pensions Advisory Service (TPAS) annouced that it was launching an online scam identification tool  – a “self-service option giving information and guidance to those who may initially be too worried or embarrassed to verbalise their concerns”. The tool is also aimed at providing the pensions industry with something to which they can direct their savers, “helping to disrupt the scammers throughout the process but especially at the point of a questionable transfer”.

Lesley Titcomb, Chief Executive at The Pensions Regulator, said: “Scammers destroy lives so we welcome the launch by TPAS of the new online guidance tool to further help people protect their retirement savings. We won’t let up in the fight against scammers and we continue to lead a taskforce of government, regulators, financial services bodies and criminal justice agencies (Project Bloom) to disrupt and prevent scams.”

Article courtesy of Sacker and Partners LLP -  www.sackers.com/publication/7-days-3-january-2017

 

TPAS online scam identification tool can be accessed by clinking here