Shock pension scam robs two pensioners of £1 million each

Shock pension scam robs two pensioners of £1 million each

Two British pensioners have been robbed of more than £1 million each through a series of elaborate pension scams say Action Fraud. The identities of the two individuals is being protected by police, but it is known they lost their life savings over two years to June 2018. Devastating Pauline Smith, director of Action Fraud, …

900.000 British ex-pats could be frozen out of triple lock pension

900.000 British ex-pats could be frozen out of triple lock pension

For years more than half a million recipients of a UK state pension living abroad have been frozen out of receiving the triple lock benefits enjoyed by pensioners still resident in Britain. But after Britain leaves the EU at the end of March another 900,000 could find themselves out in the cold when the treaties …

Pension mis-selling payouts doubled says regulator

Pension mis-selling payouts doubled says regulator

Concern is growing about an unfolding mis-selling scandal in pensions advice as compensation for successful claims has doubled between 2016 and 2018. Pensions expert Josephine Cumbo said payouts have been made to savers who were wrongly advised to give up ‘gold-plated’ company schemes. Problems She added that 19 firms have quit the pension transfer advice …