We previously issued an update on the risk of impersonation fraud – see here.
The Trustee has been made aware of increased levels of fraudulent activity amongst schemes like the RPF, with:
- a heightened risk in respect of members of UK pension schemes living in Africa; and
- the methods used becoming increasingly convincing and sophisticated including the use of Artificial Intelligence to make fraudsters appear legitimate.
The Trustee is working with Isio to review processes, strengthen controls and protect members.
However, it is important that members are also vigilant. Please do look out for any suspicious activity linked to your pension, ensure your pension details are kept up to date, exercise caution when sharing personal information and take steps to strengthen your online security.
Please see our previous post for more information, links to additional guidance and tips to stay secure online.