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Losses due to pension scams more than tripled to nearly £5m in the month after the pension reforms took effect as liberation scams tripled, new figures suggest.
Talbot and Muir has launched a free SSAS review service for advisers.
The number of Fidelity’s customers using Pension Wise before contacting the company has risen to 20%.
A pension advisory business has reported 11 possible pension scam companies that are appearing in Google ads or search results.
Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.