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New transfer regulations
01 July 2022
New regulations have been introduced by The Pensions Regulator to help trustees halt suspicious transfers. Equiniti, the Plan Administrator, already carry out due diligence checks and maintain clean lists of transfer destinations so are well prepared for the new rules and welcome the additional measures to allow the Trustees to safeguard member’s benefits and spot any potential scams.
Scams are still on the rise targeting anyone and everyone. Remember that they can take many forms and usually appear to most, to be a legitimate investment opportunity.
However, fraudsters are clever and know all the tricks to get you to hand over your savings.
For more tips on how to avoid being scammed, visit our news section on the website.