Watch out for sophisticated pension fraudsters

New laws aimed at cracking down on pension fraud have prompted scammers to move online, warns the Financial Conduct Authority.

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New laws aimed at cracking down on pension fraud have prompted scammers to move online, warns the Financial Conduct Authority (FCA). The City regulator said that 54% of the savers using its investment-scam checker tool to investigate a pension firm in 2018 had been contacted online, up from 45% in 2017.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.