Millions of pension savers at risk of scams
Our new research shows that millions of savers could be at risk of pension scams.
Scams can happen to anyone. That’s why we’re running a joint ScamSmart campaign with the Financial Conduct Authority to warn savers of the risk of scams.
Pension scams are devastating. Figures show that last year those who fell victim lost on average £82,000.
Common warning signs include:
- pension cold calls
- free pension reviews
- claims of guaranteed high returns
- unusual investments – like overseas hotels or storage units
- early access to your pension under the age of 55
- pressure of time limited offer
Be ScamSmart by:
TPR CEO Charles Counsell writes about our commitment to taking action against scammers in his new blog.
Don’t let a scammer enjoy your retirement savings. For more information on pension scams and how you can help, visit our website.
The Pensions Regulator