Tuesday, 14 August 2018

Pension scam victims 'lost £91,000 each'

Pension scam victims lose an average of £91,000 each as fraudsters see the potential for looting savings pots.

One victim, Jennifer Ringstead, who lost over £50,000, said she was "angry" she had not been compensated and would have to start saving from scratch.

City regulators are now launching a new campaign aimed at alerting people - especially those in their 40s, 50s, and 60s - to the risk of pension fraud.

They want people to check any pensions firm they deal with is authorised.

BBC       News.

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