How to avoid pension scams

Don’t let a scammer enjoy your retirement – find out how pension scams work, how to avoid them and what to do if you suspect a scam.  Pension scams can be hard to spot.  Scammers can be convincing and financially knowledgeable, with credible looking websites, testimonials and materials that are hard to distinguish from the real thing.

Visit the ScamSmart pages of the Financial Conduct Authority (FCA) website to learn about; how a pension scam works; the different types of pension scam; pension scam warning signs; four steps to protect yourself and what to do if you think you’ve been scammed.  These are some useful sites to help you protect yourself from pension scams:   

FCA’s ScamSmart website:
https://www.fca.org.uk/scamsmart/how-avoid-pension-scams

The Pension Regulator’s (TPR) pension scams guide: https://www.thepensionsregulator.gov.uk/-/media/thepensionsregulator/files/import/pdf/16423_pensions_consumer_leaflet_screen.ashx

FCA information on transfers from defined benefits schemes: https://www.fca.org.uk/consumers/pension-transfer-defined-benefit

TPR, FCA and the Money and Pensions Service transfer warning: https://www.thepensionsregulator.gov.uk/-/media/thepensionsregulator/files/import/pdf/cetv-members-letter.ashx