UK. Scale of pension scams revealed as ministers pledge fraud action
Sir Steve Webb demanded urgent action to protect savers as new figures showed £43m had been illegally siphoned off over the last three years.
Critics have claimed moves in recent years to give savers more options over their pension pots has created new opportunities for fraudsters.
Proposals put forward by ministers include a ban on all cold calling in relation to pensions and tougher rules on transferring money between pension schemes.
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