IPS Signs up to the Pension Scams Pledge

The Pensions Regulator (TPR) is encouraging trustees and administrators to make the pledge to adopt industry best practice to prevent scams.


What is the Pension Scams Pledge?

It is a voluntary commitment made by the Scheme, which recognises the extra steps we will take to help protect members from scammers. By signing up, the Trustee has pledged:

We will raise awareness, educate and protect pension savers.

We pledge to combat pension scams. We will:

  • Regularly warn members about pension scams

  • Encourage members asking for cash drawdown to get impartial guidance from Pension Wise

  • Get to know the warning signs of a scam and best practice for transfers by completing the scams module in the Trustee Toolkit and encourage all relevant staff or trustees to do so

  • Study and use the resources on the Financial Conduct Authority (FCA) ScamSmart website, our scams information and the PSIG code

  • Consider becoming a member of the Pension Scams Industry Forum by contacting PSIG

  • Report concerns about a scam to the authorities and communicate this to the scheme member

What this means for you and your pension

Scammers can be difficult to spot and might seek to exploit your trust. We are already committed to protecting our members, but we want to go one step further. Working together, we will help protect you by pledging to follow the principles of the pledge to combat pension scams.

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