The Pensions Scams Industry Group (PSIG) has relaunched with a refreshed brand identity, including updated mission statements and a new website.
The relaunch follows PSIG’s 2024 industry consultation titled “Evolution or Extinction,” which demonstrated strong support for PSIG’s continued role but highlighted the need for a more resilient and sustainable model.
Planned for October, an updated Code of Good Practice will provide refreshed guidance for organisations working to prevent pension scams and promote greater consistency in identifying and responding to emerging risks.
Margaret Snowdon, Chair of PSIG, said pension fraud “continues to have a devastating impact on savers,” adding that the relaunch ensures the organisation has “the structure, resources and tools needed to support the industry in the years ahead.”
PSIG is introducing a new supporter model, moving away from a structure reliant on privately funded volunteer support, now inviting contributions from organisations that share its commitment to protecting pension savers.
PSIG will continue to play a leading role in the TPR-led Pension Scams Action Group, expanding its focus on emerging scam risks, industry research and sharing good practice across the sector.
Pension scam prevention has become an increasingly prominent communications and reputational challenge for financial services firms, with coordinated industry responses becoming more important as criminal tactics continue to evolve.