We are constantly told about the devastation left behind by scammers, yet they continue to happen.
Pensions scams are on the increase and the Pensions Regulator has just published figures showing the average scam is £83,000 of lost funds. That is massive.
Please do not fall victim to such scams – so here’s a few tips:
- Never respond to pension cold calls – ask to be deleted from their list and put the phone down
- Do not invite a cold caller into your house to review your pension, or for any other reason involving your personal finances
- Delete emails suggesting pension reviews unless you know the sender – Hover over the email address if you are unsure who the sender is, and if you do not recognise the address, delete it. Not only may it be a scam, but it may also be a virus email
- Anything claiming a high return is normally a scam
- Do not believe anything suggesting early access to pension under the age of 55
- ALL professional pension advisers are regulated by the Financial Conduct Authority
If you are ever in a situation where you are unsure whether it is a scam or not, you can always give us a call and we can advise you on what to do!