Around 240,000 pension savers may have lost more than £14bn to fraud

clock • 2 min read

More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People's Pension (TPP) says. Results of a TPP survey conducted by YouGov, released yesterday (2 December), assumed the £14.6bn estimation based on an average pension pot size of £60,700. More than half (54%) of surveyed savers said they had received an unsolicited call, text, email, or letter from someone they believed was trying to scam them financially, while one in 11 has received this contact specifically regarding pensi...

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