Pensions - Articles - The popularity of ScamSmart


Commenting on popularity of ScamSmart, Stephen Lowe, director at retirement specialist, Just Group said:

 “The government’s policy response to the risk of Pensions Freedoms, including a surge is scams, was ‘free advice’. The level of interest in ScamSmart offered by the FCA and TPR shows the risk of scams has not abated.

 Nearly four years after the Pension Freedoms were introduced we are finally on a clear path to a single, impartial pension guidance service – one that will not only guard against scams but also help them make informed choices about the complex choices they now face – but it really needs to become the social norm for it to deliver a comprehensive defence against scams and poor choices.

 The new opt-out default guidance service delivered by the independent and impartial Single Finance Guidance Body could become the place most people naturally go to, to sense check their plans and receive the protection to avoid those too good to be true offers.”

Back to Index


Similar News to this Story

Businesses want extension of auto enrolment to more workers
Employers support the targeted extension of automatic enrolment to more workers. 74% of businesses want to see it made available to the self-employed
TPR issue single code of practice statement
As part of becoming clearer, quicker and tougher we intend to make changes to our existing codes of practice. These changes will ensure that we are se
No such thing as a typical drawdown customer
According to research from Royal London income drawdown customers are taking full advantage of pension freedoms to take their income in a variety of w

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.