Fraud’s economic effects are clear — private companies are less financially healthy and stable, the quality of public services is reduced, individual citizens have less disposable income and charities are deprived of resources needed for charitable purposes. In every sector in every country, fraud has a serious and detrimental impact on the quality of life. That financial cost is surely the worst aspect of the problem. Yes, fraud is unethical, immoral and unlawful; yes, the individuals who are proven to have been involved should be punished; yes, the sums lost to fraud need to be traced and recovered. However, these are actions which take place after the fraud losses have happened – after the resources have been diverted from where they were intended and after the economic damage has occurred.

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The UK retail industry suffers from both the reputational and financial impacts of crime levelled against it, which in financial terms cost £660m in 2015-16. This year’s survey highlights the growing problem of fraud and cyber-crime, which in light of the acute threats facing retail companies now represent major security priorities for the BRC. Some striking variances can be observed since last year, with cyber-attacks and violence rising as highest priority issues; 50% of respondents cited cyber-attacks as one of the most significant future threats. The data supports the well-versed mantra that the UK’s business crime landscape is evolving rapidly.

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Protect yourself against pension scams. Thousands of people have lost their life savings after falling for a pension scam. Don't be next. Ten steps to protect your pension. If you’re thinking about how to invest your retirement savings, this booklet suggests ten steps to protecting your pension, a case study and other useful information on what you can do with your pension pot.

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Fraud, cyber, and security incidents are now the “new normal” for companies across the world, according to the executives surveyed for the 2016/17 Kroll Annual Global Fraud and Risk Report1. The proportion of executives that reported their companies fell victim to fraud in the past year rose significantly to 82%, from 75% in 2015 and 70% in 2013, highlighting the escalating threat to corporate reputation and regulatory compliance.

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The Insolvency (England and Wales) Rules 2016 will come into force (with effect from 6 April 2017). This date has been long in the making – the first draft of the new rules was published in September 2013. The new rules are not intended to change the law. Their main aim is to consolidate provisions in order to reduce repetition, ensure that there is a more logical structure and modernise and simplify the language (including gender neutral drafting). This briefing highlights a few of the key changes.

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