Interviews

Fraud call

by Mark Rowe

The new pension reforms could provide another avenue for unscrupulous fraudsters to target the elderly, says the Fraud Advisory Panel. On launching its annual report, the panel also said that the government ought to review the method used to collect official fraud statistics.

David Kirk, Fraud Advisory Panel Chairman, said: “Incomplete statistics leave fraud victims disadvantaged and hide the true level of economic crime in this country. Without a sound understanding of the amount of fraud, and who it is hurting, adequate police resources cannot be applied to tackling the problem. The system for collecting fraud statistics remains fundamentally flawed, and unless the true value is revealed the Home Office is unlikely to step up its efforts in this area.“

The panel believes that a change in methodology would very likely show that crime in the UK is in fact rising, not falling. This is because Home Office statistics currently exclude the very large number of reports from industry (specifically credit and debit card fraud).

David Kirk added: “The Office for National Statistics is already upping its game in this area, and we urge the Home Office to do the same. The UK sorely needs a national task force focused on ‘scams’, that can give new focus and vigour to the fight against fraudsters who target the vulnerable, and the new pension reforms mean such a force is now needed more than ever before. Only a well-informed, well-resourced and well-executed national approach will work in the fight on fraud.”

Visit www.fraudadvisorypanel.org.

The panel is running a joint event on fraud in the charity sector with the Charity Commission on October 30 at Royal College of Physicians, 11 St Andrews Place, London NW1 4LE.

About the panel

A registered charity, it was established in 1998 by the Institute of Chartered Accountants in England and Wales (ICAEW).

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