HM Revenue & Customs says it believes it is beginning to win the battle again internet crooks and fraudsters by averting over a million visits to deceptive websites over the past year.

The Work & Pensions Committee is launching an inquiry into “whether and how far” the Pension Freedoms and other pension reforms are achieving their objectives and whether policy changes are needed to protect consumers better.

Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.

Sir Richard Branson has warned that “terrifyingly deceptive” criminals are using his name to dupe people into buying fake investments.