The Pensions Regulator (TPR) has welcomed the Financial Conduct
Authority's new tool, launched today, to help consumers protect
against fraud.
Responding to the FCA's announcement, "New Firm-Checker tool,
launched today (Wednesday 10 December)", Gaucho
Rasmussen, Executive Director of the Enforcement and Legal Group
at TPR, which leads the Pension Scams Action Group, said:
“Pension fraud can be devastating – and prevention is key
in the fight against scammers. That's why we and the Pension Scam
Action Group urge pensions savers to use the FCA's new
Firm-Checker tool. Always check who you are dealing with before
making any decisions about your pension – even if the contact
appears to be from an organisation you trust. No reputable
company will contact you out of the blue – Stop, think and
check!”
Notes to editors
- The Pension Scams Action Group (PSAG), led by TPR, brings
together partners from law enforcement, the pensions industry,
government and other agencies to tackle pension fraud and prevent
savers falling victim. The multi-agency group shares
intelligence and collaborates closely to monitor the scams threat
landscape and take decisive and, where appropriate, robust action
to disrupt emerging threats and protect savers.
- The Pensions Regulator is the regulator of work-based pension
schemes in the UK. Our statutory objectives are to:
-
- protect members' benefits
- reduce the risk of calls on the Pension Protection Fund
- promote, and improve understanding of, the good
administration of work-based pension schemes
- maximise employer compliance with automatic enrolment
duties
- minimise any adverse impact on the sustainable growth of
an employer (in relation to the exercise of the regulator's
functions under Part 3 of the Pensions Act 2004 only)
