28 Sep 2022
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:
- Always reject unexpected calls, emails, texts or social media approaches about pensions
- Be very wary if you’re offered a free pension review
- Never allow yourself to be rushed into a decision
- If a pension or investment offer sounds too good to be true, it probably is. Steer clear
- 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