Scams  

Fraction of pension scams investigated by police

Last week (September 10), under the cold calling ban, a firm was fined £130,000 by the Information Commissioner's Office after making more than 100,000 marketing calls to people about their pensions.

Meanwhile, a report by think tank the Police Foundation called for new powers to be introduced to allow providers to stop any transfers where scammers are suspected to be involved.

This comes as the report pointed out that the majority of savers choose to go ahead with a transfer even after being made aware of scam risks.

amy.austin@ft.com

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