When processing a transfer request, trustees and administrators may be in a position to indentify the warning signs that suggest that pension liberation fraud is occurring. You may want to take steps to make members aware of the consequences of pension liberation fraud.
This could include providing members with our awareness leaflet which sets out the dangers of pension liberation fraud. We would also like to see the use of the pension liberation fraud insert in transfer packs for members become best practice.
Publication Pension liberation fraud action pack (PDF, 720kb, 13 pages)
Provides some background on pension liberation fraud activities, including:
- example scenarios of pension liberation fraud
- the warning signs when members have been targeted
- information on what you can do to reduce the risk of pension liberation fraud
- a checklist for trustees to help spot liberation arrangements
- guidance for trustees on educating members.
Leaflet Pension liberation fraud transfer pack insert for members
Information on the Pensions Advisory Service (TPAS) website you can include in communications to your members to warn them about pension liberation fraud
Leaflet Pension liberation fraud awareness leaflet for members
Information on TPAS website you can send to members who contact you with queries about pension liberation fraud
Leaflet Pension liberation fraud awareness leaflet for members: Welsh version
Information in Welsh on TPAS website you can send to members who contact you with queries about pension liberation fraud
Webinar Webinar: Pension liberation fraud
Find out about pension liberation fraud and what is being done to combat it
E-learning Preventing pension liberation fraud
Understand how you can help prevent your scheme members from becoming victims of pension liberation fraud (10 minutes)
Webinar Video: Thinking of taking your pension early - watch out for pension fraud
A video from TPAS for members about the consequences of accessing their pension early and the warning signs of these scams