Welcome to the Fraud in Pensions Committee

The Fraud in Pensions Committee is a new cross-party initiative bringing together parliamentarians, financial experts, legal professionals, regulators, victims' representatives, and consumer protection advocates to confront a long-running UK financial scandals: pension fraud and its devastating consequences.


Over the past two decades, thousands of people were fraudulently advised by FCA regulated advisors and had their pensions stolen through fraudulent schemes, false promises, and "pension liberation" tactics. Many of these victims were targeted as far back as the early 2000s, yet they are still living with the financial and emotional fallout, as well as tax consequences, today. HMRC were aware of the fraudulent behaviour and met with the main protagonist, yet the victims are still being penalised.

The crisis

Pension scams from FCA regulated advisors offered individuals tax free lump sums and early access to their pension pots often under false pretences and financially abusing vulnerable victims. financial advice. Victims were told their actions were legal or approved—when in fact they were entering into high-risk or outright fraudulent arrangements.


Too many of these individuals are:

This is not a historical issue—it's a continuing crisis, with real-life consequences still unfolding.