In recent years the pensions industry has seen a dramatic rise in pension scams. Don’t fall victim to a scammer, who doesn’t deserve your hard-earned pension!
Scammers are now more sophisticated than ever before. They can be articulate and financially knowledgeable, with impressive websites making it really quite difficult to suspect anything untoward. The Financial Conduct Authority (FCA) have published a leaflet pointing out things to look out for and advise on how to protect yourself from a scam.
These are the tactics they point out to look out for:
- Being contacted out of the blue
- Promise of high guaranteed returns
- Free pension reviews
- Access to your pension before age 55
- Pressure to act quickly.
If something seems too good to be true, unfortunately it probably is. Click the links below to start learning more about pension scams.
Read the latest ScamSmart leaflet provided by the FCA
Visit the FCA ScamSmart website
Watch a useful video about pension scams