Pension fraud soars during the depths of a downturn

• November 29th, 2012
• Posted in Identity and Fraud

The financial services sector currently shoulders the £3.5 billion lion’s share of the UK’s annual £75 billion estimated fraud losses. Mortgages, currents accounts, loans and savings are all vulnerable – but evidence suggests pensions are equally at risk. While there are no precise figures for Britain’s pensions industry as a whole, annual public sector pension fraud alone is estimated to cost nearly £17 million by the National Fraud Authority. [ READ MORE ]