Stay alert to the danger of scams of all types and remember “if something sounds too good to be true it probably is!”
Steps to protect yourself:
- Reject any unexpected pension offers whether made online, on social media or by telephone.
- Check the FCA register or call the FCA contact centre to see if the firm you are dealing with is FCA registered.
- Do not be rushed or be pressured into making a decision.
- Consider getting impartial information or advice.
- Visit www.fca.org.uk/scamsmart/how-avoid-pension-scams if you are considering transferring out your benefits.
Anyone can be the victim of a pension scam, no matter how financially savvy they think they are. It’s important that everyone can spot the warning signs. Watch the video case study of a pension scam victim below or read the latest leaflet from The Pensions Regulator here.