Pension Fraud Risks

Source: Baker Tilly, June 2012

In Baker Tilly’s 2011 Pensions Fraud Risk survey, 12% of respondents said their scheme had suffered fraud within the last two years. This year, the figure jumped to 19% of respondents reporting fraud over the same period.

In 2012, the survey reveals that nearly one-fifth of UK pension schemes have suffered fraud in the past 24 months, an alarming rise of 55% on the same period last year, according to Baker Tilly’s Pensions Fraud Risk survey 2012.