Comprehensive solutions for the life and pension industry
Addressing fraud in a digitally-evolving field
Identity Verification
Identity Authentication
Account Verification
Ongoing Data Management
Partner with us to enhance your member engagement and security, ensuring a strong foundation for your digital future.
Emerging fraud trends in the pensions sector
Fraud permeates all industries, and the pension sector is no exception. The fact that fraud remains invisible does not negate its existence. In reality, it’s often the opposite: a significant volume of fraudulent activity may be going undetected.
With increased digitalisation and the Pensions Dashboard on the horizon, the industry needs to be alert and protect members. Fraud is a growing issue and requires consistent review.
Filmed at Trust:Live on 11th June 2024, this breakout session features LexisNexis® Risk Solutions talking to David Cheetham, Associate Principal at Brightwell about emerging fraud trends in the Pensions sector.
A call to action for the pensions sector
Is the pensions sector burying its head in the sand? Our report delves into this critical question, highlighting the urgent need for enhanced identity verification standards in the face of increasing digitalisation.
As digital transformation accelerates, our findings reveal that the current measures in place are insufficient to combat sophisticated fraud attacks. This report serves as a wake-up call, urging the pensions industry to adopt more robust security protocols to protect consumers and ensure the integrity of digital pension systems.
Explore our detailed analysis and recommendations in the ‘Digital Pensions Fraud’ report.
Protect your members and reduce the risk of account takeover fraud
Prevent identity fraud and protect your members’ funds across the lifecycle from account opening to withdrawal.
From joining a scheme through to withdrawal, member interaction with life and pension providers plays a vital role, enabling people to engage with their savings. But knowing your member is key and failure to identify scheme members without verifying or authenticating their identity at each contact point can easily open the door to a fraudster.
- David Cheetham, Associate Principal at Brightwell