Regulators team up with football legend as pension scam losses hit £30m

Scammers targeted pension pots big and small, with reported losses ranging from under £1,000 to as much as £500,000. The average victim was a man in his 50s. According to the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR), the true number of victims is likely to be much higher, as savers fail to spot the signs of a scam and do not know how much is in their pots. Research by the regulators suggested football fans could be particularly vulnerable, and as a result the FCA's and TPR's ScamSmart campaign has teamed up with football commentator Clive Tyldesley (pictured)...