Closed-book pension provider Phoenix Group has warned that pension scams are ‘still rife’ after identifying over 1,650 suspicious companies and schemes over two years.
Phoenix said it had identified over 1,650 suspicious companies and schemes it believes are involved in pension scams and has reported some and is in the process of reporting others to Action Fraud and in some cases the Pensions Regulator and the Pensions Ombudsman.
Phoenix may report schemes or companies to the regulator if there is a significant delay in the transfer, and the ombudsman in response to a complaint case raised by the suspicious receiving scheme…Read more at City Wire