December 2015 saw the release of the 2015 pensions fraud risk report.
With double the proportion of schemes experiencing fraud than in 2013, where 47 per cent of trustee boards did not receive any training on mitigating fraud risk and 26 per cent of trustee respondents were unaware they were responsible for fraud detection and prevention, the statistics exposed a concerning level of ignorance that still lies within the industry.
In partnership with the PMI, the report was commissioned to investigate how pension schemes’ attitudes and experiences regarding fraud risks had changed since RSM’s 2013 report.
The webinar, presented by RSM’s Head of Pensions, Ian Bell and Audit Manager, Elisabeth Storey, looked at the key highlights of the report and discussed:
- Is fraud really an issue?
- The fraud risk triangle
- Pension freedoms