Be ScamSmart
with your pension

Scams are a hot topic in the pensions industry and the Financial Conduct Authority (FCA) is taking an active role in improving people’s awareness.

The FCA recently instructed YouGov to conduct a poll of over 1,000 pension holders aged 45 to 65 to find out their attitudes towards changing pension arrangements. Three results were of particular interest:

Unfortunately, scammers will do whatever it takes to get their hands on your savings so you need to be vigilant all the time. Look out for these scam tactics to help identify and avoid scammers:

  • Contact out of the blue
  • Promises of high and/or guaranteed returns
  • Free pension reviews
  • Access to your pension before you are 55
  • Pressure to act quickly

Scamsmart has more information about protecting yourself from pension scams.