Since the launch of a project by the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) to raise awareness of pension scams, there has been a 462% jump in the number of the ScamSmart website visitors. Additionally, over 370 pension holders were warned about an unauthorised firm thanks to the Warning List, an online tool that helps consumers check a list of firms operating without authorisation. FCA’s research shows that in just one year over 10 million UK adults received an unsolicited pension offer. However, the Treasury has laid down regulations that will ban pension cold calling early in 2019.
The full article is available here.