Protecting yourself against pension scams

Watch out! Don’t be tricked into transferring your pension into a false scheme and losing all your money! Pension fraudsters can be smart, pleasant, charming and financially knowledgeable. Don’t be fooled.

Anyone can be the victim of a pension scam, no matter how financially savvy you think you are. Spot the warning signs and avoid being caught out:

  1. Always reject unexpected calls, emails, texts or social media approaches about pensions
  2. Be very wary if you’re offered a free pension review
  3. Never allow yourself to be rushed into a decision
  4. If a pension or investment offer sounds too good to be true, it probably is. Steer clear
  5. Do research on anyone offering financial advice. Check the Financial Conduct Authority (FCA) register at fca.org.uk or call 0800 111 6768 to make sure they are FCA authorised