Details of people’s pension pots are being sold for as little as 5p each, report claims

‘Information about millions of people’s pension plans is being sold off without any checks of the buyers’ intentions, according to a report.

The Information Commissioner’s Office (ICO) launched an investigation into the “very worrying” claims and said it would be contacting the police, Financial Conduct Authority and The Pensions Regulator.

Undercover journalists working for The Daily Mail newspaper were able to buy pension information about 15,000 people without any questions about what they planned to use the data for.’

Read more: Details of people's pension pots are being sold for as little as 5p each, report claims