UK. Victims of pension scammers lost an average £91,000: UK regulators
Pension scam victims lost £91,000 each on average last year, according to new figures from the City watchdog and the pensions regulator.
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have teamed up to launch the ScamSmart advertising campaign, which is aimed at pension holders aged between 45 and 65 as they are most at risk of losing their cash.
According to the regulators, highly sophisticated scammers lure people into transferring their pensions into fraudulent schemes. Victims of pension scams can lose their life savings, and be left facing retirement with limited income.
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