WebOn 1 April 2024, the PSIG announced the launch of version 2.2 of its Code of Best Practice – Combatting Pension Scams. PSIG is a voluntary body established to combat pension … WebDec 23, 2024 · PSIG code. The Pension Scams Industry Group (PSIG) produced a voluntary code of good practice for transfers in 2015. The current edition was published in 2024 …
PSIG needs you to help beat pension scams - The …
WebIf anyone comes to your door looking like, or claiming to be, a PSE&G employee, ask for ID. All PSE&G employees must carry ID and present it when requested. If you are not … WebMay 9, 2024 · It is doubly difficult when it is a voluntary code that carries a lot of weight. The industry is keen to see the updated Pension Scams Industry Group (PSIG) scam... To continue reading this article... Join Professional Pensions Unlimited access to real-time news, analysis and opinion from the industry sewer only accounts
Combating Pension Scams
Web3.1 The issue. Cold calling is the most common method used to initiate pension fraud. In 2013, 97% of cases brought to Citizen’s Advice involving pensions liberation scams stemmed from cold ... WebPSIG’s Scams Survey Pilot 2024 9. Revised Action Fraud reporting guidance 10. Additional case studies . Combating Pension Scams: A Code of Good Practice, Version 2.1 7 members before they take a transfer, to ensure they are aware of the risks of investing their pension WebApr 14, 2024 · The PSIG is a group of pension industry representatives who are committed to combatting pension scams. The body was founded in 2014. Its goal is to provide case studies and templates to assist pension industry professionals safeguard their members, support the development of best practices, and ultimately protect savers from loss due to … the trojans by berlioz