Publication
Essential Corporate News – Week ending 10 January 2025
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
MaPS publishes review into UK pension scams
United Kingdom | Publication | August 2023
The Money & Pensions Service (MaPS) has published Pension Scams in the UK: Evidence Review, which presents the findings from a review of the evidence on the scale of pension scams in the UK, the impact on those affected, types of scam and tactics used by scammers, key risk factors and current trends.
The report also recommends actionable and evidence-based strategies and interventions that MaPS and other stakeholders can adopt to lower the risks of scams and offer better support to those affected.
MaPS suggests the introduction of “positive friction” in the process of effecting a transfer after an amber flag has been raised, by way of asking the member if they wish to proceed with the transfer after receiving safeguarding advice.
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