Avoiding pension scams

The pension freedoms introduced in 2015 allow retirees to access their pension pots more easily. However, as billions of pounds in pension money has been unlocked, there’s also been a rise in financial scams, as fraudsters seek to part savers and investors from their pension money.

To stay safe, it’s important to know who you’re speaking to, avoid giving away sensitive information and to think very carefully before signing any documentation or transferring money into a new investment.

Key steps to take to stay safe from pension scammers:

pension scams infographic

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