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‘Unnecessary bureaucratic hoops’: Pension savers fall victim to outdated scam safeguards | Collector
‘Unnecessary bureaucratic hoops’: Pension savers fall victim to outdated scam safeguards
City A.M

‘Unnecessary bureaucratic hoops’: Pension savers fall victim to outdated scam safeguards

The government’s pension scam safeguards have been called into question after only a minority of transfers flagged as potential scams were found to be genuinely high-risk, slowing savers’ transfer process. Of the 51,417 amber flags on pensions since November 2021, just 18 per cent were found to relate to high-risk investments or other flagged categories, [...]

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