Frauds

The UK government has confirmed plans to require pension trustees and scheme managers to rubber-stamp pension transfers as part of its efforts to crack down on pension scams.

https://www.pinsentmasons.com/out-law/news/uk-pension-transfers-subject-red-flag-anti-scam-regime

Romance scams are undoubtedly a particularly cruel form of fraud, preying on people’s need for love and connection - often via dating sites and social media - and exploiting that to steal not just people's money, but their self-esteem and sense of trust.

https://www.cosmopolitan.com/uk/love-sex/relationships/a36457311/romance-scams/

UK consumer group Which? is calling on banks and building societies to publish figures on the proportion of customers they refund for authorised push payment (APP) fraud.

https://www.finextra.com/newsarticle/38061/which-calls-on-banks-to-come-clean-about-app-fraud-refunds

A man has been jailed for orchestrating fraudulent motor insurance claims and cloning a claims management company (CMC) to pass them to a firm of solicitors in return for referral fees.

https://www.legalfutures.co.uk/latest-news/jail-for-conman-who-cloned-cmc-and-sold-fake-pi-claims-to-law-firm

Fraudsters are poised to target the public with ticketing, travel and health insurance scams as we all rush to book much longed-for social activities this summer.

https://www.stratford-herald.com/news/fraudsters-ready-to-exploit-easing-of-lockdown-9199484/

Suspect pension transfers could be blocked or paused by a system of “flags” under plans to clamp down on scammers.

https://uk.finance.yahoo.com/news/flag-system-proposed-tackle-pension-114751609.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

The government wants to allow pension providers to block suspicious transfers with the help of a warning flag system for schemes.

https://www.ftadviser.com/pensions/2021/05/14/govt-consults-on-red-flag-pension-transfer-protections/

Ovidijus Margelis sent packages in a plot to get fraudulent refunds, a court heard.

https://www.expressandstar.com/news/uk-news/2021/05/14/jail-for-student-who-sent-explosive-devices-through-the-post/

The three defendants in The Pensions Regulator's (TPR's) investigation into a 'multi-million-pound' pension fraud have appeared in court again this week, with a trial date now confirmed for June 2022.

https://pensionsage.com/pa/2022-court-date-set-for-multi-million-pound-pension-fraud-case.php

Analysis by the Insurance Fraud Bureau (IFB) has found that, of 2.7 million motor insurance claims made across the UK between October 2019 and the end of 2020, more than 170,000 could be linked to suspected crash-for-cash networks.

https://www.insurancebusinessmag.com/uk/news/auto-motor/crashforcash-hotspots-revealed--insurance-industry-reacts-254811.aspx#.YJxJVLyXL_I.twitter