Tag: fraud prevention

Data from the Federal Trade Commission quantifies the amount of financial fraud reported in the country, what kind of scams...

Education and tools plan sponsors can reference to help protect retirement plan assets and ensure the financial security of plan...

With dementia cases on the rise, plan sponsors have a duty to protect assets and shelter participants from financial fraud.

Plan sponsors and recordkeepers aim to prevent both participant mistakes and fraud schemes that can decimate retirement savings.

Plan providers are using technology to authenticate participants, secure accounts, flag suspicious activity and help protect participants’ assets.

With ‘enhanced technology,’ the SSA will now conduct an anti-fraud check on all phone applications for benefits. 

People at or near retirement age are being targeted in hybrid scams involving imposter Social Security Administration employees. 

The organizations plan to conduct research and educate plan sponsors and participants on fraudulent activity in retirement plans to increase...