The Pensions Regulator is rolling out another iteration of Project Bloom, now known as the “Pension Scams Action Group” which is certainly a better name.
We’re told that the new scam-fighting plan from The Pensions Regulator (TPR) aims to protect savers as increases in the cost of living may leave them potentially more vulnerable to scammers.
TPR is warning that
savers may be lured by offers to access their pension savings early to cover essential household bills or be attracted by fake investments offering high returns that never materialise.
There are two quite different messages in this statement and I think both are confusing.
Let’s deal with “fake investments” first. For instance, this morning’s cold approach to me from Colorado based –