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Stop the scams: Google on its final warning over bad ads

Stop the scams: Google on its final warning over bad ads
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PIMFA, Which?, UK Finance, FSCS And Work & Pensions Select Committee Chair Rt Hon Stephen Timms MP Call For Economic Harm To Be Included In The Government s Forthcoming Online Safety Bill

PIMFA, Which?, UK Finance, FSCS And Work & Pensions Select Committee Chair Rt. Hon. Stephen Timms MP Call For Economic Harm To Be Included In The Government’s Forthcoming Online Safety Bill Date 11/03/2021 Covid pandemic has created ‘a digital adventure playground’ for organised crime with reported online fraud up 50% since last year. At least one fake investment website reported by FSCS every day. Over 40 000 savers have been scammed in the first five years of pension freedoms. FCSC have evidence of fraudsters impersonating them and using the FSCS logo to scam consumers. Action Fraud data shows 89,153 reports of fraud at an estimated cost of £406.5m in the first two months of 2021.

Pension schemes urged by DWP to fight criminals stealing thousands from your savings

| UPDATED: 14:42, Thu, Mar 11, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Pension scheme owners have been written to by the DWP, with it being revealed today that Guy Opperman, the Parliamentary Under-Secretary for the DWP, said around 90 different schemes must begin sharing data with the industry s voluntary group, the Pension Scams Industry Group (PSIG). The DWP argued greater data sharing, used in parallel with the improved pension transfer rules in the Pension Schemes Act, will ensure savers are better protected from unscrupulous scammers.

Minister calls for schemes scam support

Minister calls for schemes scam support The Pensions Minister has today called on pension schemes to join him in the fight against the scammers targeting people’s hard-earned retirement savings. From: In a letter to around 90 different schemes, Guy Opperman said they must begin sharing scam data with the industry’s voluntary group, the Pension Scams Industry Group ( PSIG), to create a clearer picture of the scale of the issue. Greater data sharing, used in parallel with the improved pension transfer rules in the Pension Schemes Act, will ensure savers are better protected from unscrupulous scammers. Minister for Pensions Guy Opperman said:

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