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<p>Data on reports of pension scams is collected via Action Fraud. However, the government,
working with the City of London Police and other partners as part of Project Bloom,
is aware that many scams in the UK, and the true extent of associated losses, go un-reported.
The true extent of losses may also only become apparent some time after the initial
report and increases in fraud reports could be due to a number of factors, for example
increased industry reporting or rising awareness amongst the public due to high profile
information campaigns.</p><p> </p><p>The Government takes the issue of pension scams
very seriously, which is why, on 5 December 2016 we launched a public consultation
on a package of measures aimed at tackling pension scams. This included a proposed
definition of pension fraud to allow better monitoring and data collection on pension
scams.</p><p> </p><p>The Government will continue to work closely with the City of
London Police and other Project Bloom partners to help local forces and other agencies
raise awareness on pension scams and encourage more people to report scamming activity
and losses.</p><p> </p><p>The table below breaks down the location of the victim of
reported pension scams collated by Action Fraud over the last two financial years.</p><p><strong>
</strong></p><table><tbody><tr><td><p><strong>Location of victims of reported pension
scams</strong></p></td><td><p><strong>Financial year 2014/15</strong></p></td><td><p><strong>Financial
year 2015/16 to date </strong></p></td></tr><tr><td><p>Scotland</p></td><td><p>27</p></td><td><p>17</p></td></tr><tr><td><p>Rest
of the UK</p></td><td><p>921</p></td><td><p>446</p></td></tr></tbody></table>
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