Nearly nine out of 10 pension trustees (88%) fear that their members will face “predatory attention” from scammers, according to a new survey of trustees.

The Pensions Regulator (TPR) is to get new powers over trustees following the Government’s response to the publication of a report by the chair of the Competition and markets Authority.

The man branded the 'mastermind' behind a £13.7m pension scam has been banned from being a trustee of pension schemes and a company director.

Three people have been banned from acting as pension trustees over suspicions that millions of pounds were scammed from investors whose pensions were transferred to schemes of which they were trustees.