A total of £830,828 was lost to pension liberation fraud between July 2025 and July 2026, analysis from Wealth Recovery Solicitors has shown.

Its analysis of Report Fraud data from the National Fraud Intelligence Bureau found 143 pension liberation scam reports were made to UK police over the year.

Victims who lost money to pension liberation fraud reported an average loss of £19,322.

Across all 39,424 investment fraud reports over the year, victims lost a combined £1.33bn, with an average loss of £53,708 among those who lost money.

Pension liberation fraud, which involves scammers persuading victims to transfer their pension savings into a fraudulent scheme, accounted for just 0.4 per cent of all reports.

Victims aged 30-39 accounted for the majority of reports (16.9 per cent), with total losses amounting to £131.2m.

While those aged 60-69 made fewer reports, their combined total losses was the highest of all age cohorts at £290.7m.

"Investment fraud continues to devastate lives across the country, and these figures show just how unevenly it's being felt,” said Wealth Recovery Solicitors director of growth and strategy, Avi Chinn.

“Whether you've lost money to a boiler room scam, a fake investment scheme, or a pension liberation fraud, it's crucial to act quickly and seek specialist legal advice, as early action significantly improves the chances of recovering losses."

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