TPR looking into seven scam investigations posing £55m loss to savers

TPR looking into seven scam investigations posing £55m loss to savers

The Pensions Regulator (TPR) is carrying out seven criminal investigations into potential scams with indicative losses to savers' pensions of around £55m, the pensions watchdog has revealed. In a letter to Work and Pensions Committee (WPC) chairman Frank Field, TPR chief executive Charles Counsell confirmed that the investigations cover 52 schemes and 38 suspects which the regulator is treating as targets. Counsell also noted that these cover a "range of complexities and possible outc...

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