Pension Scams are Becoming Commonplace
Fraudulent pension schemes are on the increase. Company directors, as well as employees, are being urged to take immediate action if they suspect money is being transferred to a fake pension pot. Pension scams are often perpetrated by individuals. Either people in a position of trust or salesmen who spin a convincing web of lies.
Imagine discovering your organisation’s pension fund has been plundered by a fraudster. It may not bear thinking about, but it does happen.
Spot the Signs of Pension Scams
A sure-fire way to spot the tell-tale signs of pension fraud within an organisation is the transfer of money to a single investment, particularly if the scheme is abroad. Although perpetrators of scams face stiff prison sentences, the potential for rich pickings means there’s always someone looking to carry out pension scams.
If your organisation’s pension fund is being invested in a too-good-to-be-true scheme, such as a holiday complex in a far-flung location, contact Action Fraud immediately and take steps to ensure the suspected fraudster cannot help themselves to every last penny in the pot. They could be using the money to fund a lavish lifestyle or support a drug or gambling habit.
Don’t be fooled by glossy brochures and promises of returns over 8% and never be talked into signing paperwork you haven’t read.
Start Gathering Evidence Immediately
Because fraudsters are cunning by nature, enterprises which suspect pension fraud should take immediate action and record all disciplinary and other interviews. Voice to text transcription should then be undertaken by an independent transcription expert to ensure complete accuracy, impartiality and confidentiality.
High quality documentation can aid criminal and civil proceedings, as well as help organisations defend themselves against any subsequent employment tribunal claims.
Talk to the Experts
If you want to discover more about transcription services and what they can do to help organisations detect and halt pension scams, telephone Alphabet Transcription Specialists for free, no obligation advice. We can be contacted on +44 (0) 1707 260027.