Surge in AE non-compliance during pandemic

In a separate hearing in October, which will be reflected in next quarter’s bulletin, TPR secured a second confiscation order under POCA for a fraudster who defrauded a scheme of £292,000.

Nicola Parish, executive director of frontline regulation, said: “Our two recent court successes show that we’ll use every weapon at our disposal to ensure pension criminals do not benefit from their crimes at the expense of hardworking savers.

"Our enforcement work will continue to see criminals punished, but we also expect industry to help ensure savers’ money isn’t stolen in the first place. All providers, trustees and administrators should commit to safeguarding savers by joining our campaign and pledging to combat pensions scams.”

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