Pension Scams

EDM number 876 in 2014-15, proposed by Gregory Campbell on 17/03/2015.
Categorised under the topics of Crime and Pensions.

That this House recognises the imminent change in the way personal pensions can be utilised; is concerned that tens of thousands of people, who qualify for more flexible arrangements from April 2015, have been targeted by those operating financial scams which seek to convince people to invest substantial pension savings in worthless schemes offering impossibly high returns; and calls on the Government to do more to alert all potential victims to the actions of the fraudsters.

This motion has been signed by a total of 27 MPs.