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<p>Through Project Bloom, DWP works with other government departments, regulators,
enforcement agencies and the pensions industry to monitor the evolution of scam typology
and respond with a collective and coordinated response. Project Bloom is examining
the range of measures that all agencies including providers and financial professionals
could take to help prevent scams.</p><p> </p><p>DWP consistently works with other
organisations to raise awareness of pension scams and encourage reporting, including
regular campaigns, from the Financial Conduct Authority and the Pensions Regulator,
conducted through the ScamSmart branding. Alongside promoting what to look out for
to recognise a pension scam, the ScamSmart campaigns and website encourage people
to report when they think they have been scammed. These messages are proving effective,
in the most recent campaign prior to Covid-19, June to September 2019 over 222,000
visited the ScamSmart website to find out how to identify a scam scheme and report
a scam.</p><p> </p><p>The Government, working with the regulators and the Money and
Pension Service communicates with pension savers to alert them to the risk of scams
in the current climate. DWP continues to communicate regularly on social media to
set out the warning signs of a scam and has made 18 posts referencing Pension Scams
and ScamSmart in total across Twitter, Facebook and LinkedIn in the period March to
September 2020.</p><p> </p><p>A <a href="https://www.fca.org.uk/news/press-releases/covid-19-savers-stay-calm-dont-rush-financial-decisions"
target="_blank">joint statement</a> was issued by The Pension Regulator, Financial
Conduct Authority, and Money Advice and Pension Service on 7 April pointing to the
actions members should take to help safeguard against scams. Additional guidance was
issued to trustees, and providers from both The Financial Conduct Authority and the
Pensions Regulator to support them to produce suitable communications during the Covid-19
outbreak.</p><p> </p><p>Please see links below for more information about the joint
statement from Regulators and the Money Advice Service, and help available, produced
by the Pension Protection Fund and supported by government.</p><p> </p><p><a href="https://www.fca.org.uk/news/press-releases/covid-19-savers-stay-calm-dont-rush-financial-decisions"
target="_blank">https://www.fca.org.uk/news/press-releases/covid-19-savers-stay-calm-dont-rush-financial-decisions</a></p><p>
</p><p><a href="https://www.ppf.co.uk/sites/default/files/file-2020-05/COVID-19-and-your-pension.pdf"
target="_blank">https://www.ppf.co.uk/sites/default/files/file-2020-05/COVID-19-and-your-pension.pdf</a></p>
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