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Regulator warns of cold-calling imposters

Telephone-Phone-Business-Finance-General-700.jpgThe Pensions Regulator has warned that fraudsters might be attempting to steal workers’ savings by falsely claiming to be it on the phone.

TPR says some savers are being cold-called by people who have posed as it and offered those in a workplace pension scheme a free pension review.

TPR says it never cold-calls savers about their pensions.

The watchdog has referred the case to the Information Commissioner’s Office for investigation.

A statement from TPR says: “Although we have only received two reports to date, we have taken swift action to alert consumers about the threat posed by the fraudsters.”

It adds: “Neither of the individuals who have contacted TPR about the bogus calls were tricked into handing over their details or any funds to the fraudsters. However, as only a minority of scam attempts are ever reported, many more people who have not yet come forward may have been approached by the cold-callers.”

TPR leads Project Bloom, a taskforce working with government, the pensions industry, law enforcement agencies and other regulators to combat pension scams.

TPR intelligence head Mike Broomfield says: “Like all reputable organisations, we never cold-call people about their pensions. If anyone cold-calls you about your pension, it is an attempt to steal your savings.”

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