Protect your pension
The Pensions Regulator (TPR) suggests being aware of five key points to ensure that you are protected against pension fraud.
1. Have you received a cold call about your pension?
Unsolicited phone calls, texts or emails are just some of the ways that fraud can occur. Be wary of any company who contacts you in this way.
2. Too good to be true… then it probably is!
The Financial Conduct Authority’s (FCA’s) ScamSmart website at www.fca.org.uk/scamsmart, can help you to see if the deal you’re being offered is a known scam, or has the signs of a scam.
More information about pension scams can be found on our website here.
3. FCA approved
Make sure that your advisor is registered with the FCA.
4. Be your own best friend – check everything yourself.
Many people have fallen for scams because they’d been recommended by a friend.
5. Concerned that you might have been scammed already?
TPR may be able to stop a transfer that hasn’t taken place yet. Additionally, call Action Fraud on 0300 123 2040 to report it.