Pension scams are on the rise and, as everyone from regulators to members of parliament, advisers and industry practitioners alike have warned, in many cases victims will never get their money back.
The figures are startling and indicate a wider, rising trend as thieves become more canny in their approaches to people at vulnerable moments in their lives.
This report from FTAdviser In Focus pulls together case studies from victims, interviews with politicians as well as industry commentators. and a wealth of statistical research to demonstrate how bad the situation has become.
It also outlines what regulators, the police, the government, trade bodies, providers and individual advice firms are trying to do to tackle the problem.
But while each individual body has a role to play in rooting out pension scams and cracking down on the perpetrators, experts have warned the response is too fragmented, too piecemeal and not tough enough.
Therefore this report also explores some of the possible solutions that can be put in place to help the whole industry - as well as the authorities - join forces to bring pension thieves to justice and stamp out the scammers.
Until joined-up thinking is implemented, the report claims, thousands more people will become victims to ever more sophisticated pension scams.
The feature within the report qualifies for an estimated 40 minutes' worth of CPD.
Simoney Kyriakou is senior editor for FTAdviser
