New pension scams awareness campaign from Action Fraud

A couple reviewing their pension documents

A new campaign from Action Fraud is prompting savers to remain ever vigilant when it comes to protecting their pensions.

The national awareness campaign reminds the public about the importance of doing their research before making any changes to their pensions. In a press release, the following simple steps were included to help you stay safe:

  • Reject unexpected pension opportunities, such as free pension reviews or investment opportunities involving your pension, whether made via email, social media, text, or over the phone.

     
  • Research who you’re dealing with before changing your pension arrangements – check the FCA Register, or call the FCA on 0800 111 6768 to see if the firm is authorised by the FCA.

     
  • Don’t be rushed or pressured into making any decision about your pension – consider getting impartial information and advice from a financial advisor authorised by the FCA to help you make the best decision for your own personal circumstances.

     
  • Be suspicious if you are contacted out of the blue about an investment opportunity - seek advice from trusted friends, family members or an independent professional advice service before making a significant financial decision, especially when it involves your pension pot. Even genuine investment schemes can be high risk.

     
  • Be ScamSmart and visit the ScamSmart website to learn how to protect yourself from pension scams.

     

For more information visit www.pension-scams.com

If you are concerned or are suspicious about any pension offers you receive, never be rushed or pressured into making a decision and before you sign anything, contact The Pensions Advisory Service www.pensionsadvisoryservice.org.uk

If you have already accepted an offer and are worried if it may be a fraud contact Action Fraud www.actionfraud.police.uk

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