Earlier this year (14 August) the TPR and FCA joined forces to deliver the ScamSmart campaign to target pension holders aged 45-65 who are most at risk of being scammed out of their pension.
The ScamSmart campaign aimed to encourage anyone who believes that they may have been targeted by fraudsters to report to the experience, with the two watchdogs believing that the majority of pension scams go unreported.
The joint strategy launched today will also focus on multi-agency collaboration to combat pension scams.
Christopher Woolard, executive director of strategy and competition at the FCA said: "We have worked closely with TPR to produce a co-ordinated and cohesive strategy that will produce positive results for people in or approaching retirement. .
"But success in delivering this strategy doesn’t just depend on action by us. With the support and collaboration of the government, industry and consumers themselves, we can deliver an environment which contributes to people having higher incomes in their retirement."
rosie.quigley@ft.com
