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Pension scams can be damaging to individuals, pension schemes and society generally. People are tempted by such offers, but many find themselves transferring their benefits to dubious and risky unregulated investment structures or their benefits simply disappear. The pensions industry therefore called for guidance to help share good practice and help reduce the risk of successful scams. We developed and launched the first Code of Good Practice for use by all in the industry in 2015 and on 22 June 2018, we published Version 2.0.
I am grateful to the members of the Industry Group and all the other organisations and individuals who freely gave their time to help write and review the Code.
Margaret Snowdon OBE, Chairman of the Pension Scams Industry Group
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