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Published

12th March 2026

⚠️ Pension Scam Alert: Rise in Impersonation Fraud ⚠️

⚠️ Pension Scam Alert: Rise in Impersonation Fraud ⚠️

The Pensions Regulator has issued a fresh warning after a surge in impersonation fraud, where criminals pose as pension scheme members to access and steal savings.

Recent alerts show fraudsters are using stolen personal information to bypass security, change bank details or create fake pension accounts. 

Members aged 50–69 remain most at risk, with over half of reported cases involving this age group.

Criminals often gain access by hacking email accounts or exploiting weak passwords. 

How to protect yourself: 
  • Turn on two‑step verification for your email accounts

  • Use strong, unique passwords

  • Be cautious of unexpected emails requesting personal information

If you suspect fraudulent activity, contact the Fund immediately and report it to Police Scotland by calling 101.
 

For more information, visit: