Guy Opperman Britain social reports prevention Guy Opperman Britain

Pension scam warning for people reviewing retirement plans at start of new financial year

retirement plans as the new financial year gets under way are being warned to watch out for online pension scammers. The 2021/22 financial year started on April 6 and Pensions Minister Guy Opperman, who issued the warning, said some tech companies must do more to crack down on scam adverts.

Mr Opperman said: "Scammers who steal people's hard-earned savings are the lowest of the low and the [UK] Government is working closely with its partners on the best ways to combat, and raise awareness of, pension fraud. "I have been very clear that some tech companies are failing pension savers; they must do more to crack down on scam adverts and should use their existing powers to verify advertisers and stop taking money from fraudsters who are online.

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