TPAS issues pension scam warning as fraud activity increases

TPAS chief executive Michelle Cracknell (pictured) said the severity of the problem was hidden because some people were concerned about the ramifications of admitting to being victims of fraud. "Our biggest worry is that we know that people have been involved in these schemes but have not come forward because they are worried about any potential tax bills or issues that they may face if they admit they have been involved. The reason we know that there were more people involved than the people who come to us is that one person says, ‘oh it wasn't just me, there were five of us who did t...