Over 50% of pension transfers covered by one pension firm’s scam protection service have been flagged up as at risk of a scam since the pandemic hit.

Up to £2.5 trillion of pension assets are at risk of being lost to scammers, according to a new report.

A tool to help people report suspicious emails, launched by the City of London Police and National Cyber Security Centre (NCSC) in April, has received over 1.7m reports of phishing since its launch.

 The FCA and The Pensions Regulator have launched a joint football-inspired campaign to warn pension savers of the dangers of pension scams as losses to scammers top £30m since 2017.