Lifetime savings: gone in 24 hours

On the 11.12.19 at 7:51AM


Tuba Raqshan

Pension fraud victims could lose 22 years of savings within 24 hours, stated an analysis by the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR).

In 2018, the average amount victims lost to fraudulent schemes amounted to £82,000 (€95,166). A pensioner takes 22 years to build a pension pot of the same amount, but can lose it within 24 hours!

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