{"id":717,"date":"2022-03-15T12:18:05","date_gmt":"2022-03-15T12:18:05","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=717"},"modified":"2022-03-16T12:58:43","modified_gmt":"2022-03-16T12:58:43","slug":"new-regulations-to-prevent-pension-scams","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/03\/15\/new-regulations-to-prevent-pension-scams\/","title":{"rendered":"New regulations to prevent pension scams"},"content":{"rendered":"
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Pension trustees and scheme managers received new powers on 30 November 2021 to help protect pension savers by stopping suspicious scam transfers. The new regulations will enable trustees to prevent a transfer request if they see evidence of \u2018red flags.\u2019<\/strong><\/p>\n<\/div>\n\n

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More protection<\/strong><\/p>\n<\/div>\n\n

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Before the change, pension providers were not allowed to\nrefuse a transfer where the saver had the right to make it, even if the\ntransfer seemed suspicious. With pension scam losses totalling millions each\nyear, the Financial Conduct Authority (FCA) is keen to tackle scams head on to\nensure the long-term health of the pensions market.<\/p>\n<\/div>\n\n

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In a speech to delegates at the Pensions and Lifetime\nSavings Association, the FCA\u2019s Executive Director of Markets Sarah Pritchard\nsaid steps have been taken to stop scams reaching consumers,<\/p>\n<\/div>\n\n

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\u201cWe want people to be better protected from the risks of\nscams and know how to protect themselves against them. Our ScamSmart\ncampaign… gives knowledge and tools to help people protect themselves from\nscams.\u201d<\/em><\/p>\n<\/div>\n\n

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Simple steps<\/strong><\/p>\n<\/div>\n\n

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We can all take simple steps to protect ourselves against\npotential scams. These include:<\/p>\n<\/div>\n\n

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  • Making sure you check who you\u2019re dealing with<\/li><\/ul>\n<\/div>\n\n
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    • Never giving out personal information you\nwouldn\u2019t share with a stranger<\/li><\/ul>\n<\/div>\n\n
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      • Not feeling pressurised into making quick\ndecisions.<\/li><\/ul>\n<\/div>\n\n
        \n

        It is\nimportant to take professional advice before making any decision relating to\nyour personal finances. Information within this article is based on our current\nunderstanding and can be subject to change without notice and the accuracy and\ncompleteness of the information cannot be guaranteed. It does not provide\nindividual tailored investment advice and is for guidance only. Some rules may\nvary in different parts of the UK.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

        Pension trustees and scheme managers received new powers on 30 November 2021 to help protect pension savers by stopping suspicious scam transfers. The new regulations will enable trustees to prevent a transfer request if they see evidence of \u2018red flags.\u2019 More protection Before the change, pension providers were not allowed to refuse a transfer where […]<\/p>\n","protected":false},"author":12,"featured_media":718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/717"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=717"}],"version-history":[{"count":2,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/717\/revisions"}],"predecessor-version":[{"id":725,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/717\/revisions\/725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/718"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=717"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}