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watch out for the pension scams!

9 April 2015

Fraudsters are working harder to try to cheat people out of their pension pots. Lots of the scams start off with an unexpected phone call, text or email, tempting you to:

  • invest your pension pot in exotic schemes or businesses you've never heard of
  • take your pension money before you're 55 (which is something you can only do in rare cases)
  • take out large lump sums in cash to be invested on your behalf
  • transfer money quickly - or make rush decisions - to take advantage of "special investment opportunities".

If you have any suspicions or worries about who you're talking to, just hang up.

And always check if the person or company contacting you is on the official Financial Conduct Authority (FCA) Register (or phone 0800 111 6768).

media enquiries

  • press office - phone 0207 964 1234
  • out of hours - phone 0771 8658 306