The Pension Scams Action Group (PSAG), formerly known as Project Bloom, is a multi-agency taskforce that brings together law enforcement, government and industry to tackle pension scams and fraud.
What we do
Our mission is to coordinate and target efforts to combat pension scams and fraud through education, prevention and enforcement. Together, we protect pension savers by:
- improving public awareness – of pension scams
- understanding the problem – enhancing the intelligence picture to support and inform effective policy making
- enforcement and regulatory interventions – sharing intelligence leading to enforcement and disruption activity
- legislation and regulations – identifying what actions should be taken forward by government and others to prevent future pension scams
- non-legislative interventions – including ‘good practice’ that can reduce the likelihood of pension scams without the need for legislation
- victim support – to minimise the impact scams have
Who we are
As well as wider members who support activity, PSAG core members include:
- Department for Work and Pensions
- Financial Conduct Authority
- HM Treasury
- Money and Pensions Service
- National Economic Crime Centre
- Pension Scams Industry Group
- The Pensions Regulator