Monday, 8 May 2023

Pension Review Scams: The Latest Schemes and How to Avoid Them

 Here is a summary of the UK warning about pension review scams:

  • Scammers may contact you out of the blue and offer a free pension review.
  • They may try to get your personal details or persuade you to transfer your pension to another scheme.
  • Do not respond to these calls or emails.
  • If you are contacted by someone offering a pension review, hang up the phone or delete the email.
  • You can get free, impartial advice from Pension Wise if you are aged 50 or over.
  • Remember that you cannot access your pension before the age of 55 without paying a hefty tax charge.
  • If you have any questions about your pension, speak to a regulated financial adviser.

Here are some additional tips to help you avoid pension scams:

  • Never give out your personal details or pension information to someone you don't know.
  • Be wary of any offer that sounds too good to be true.
  • Do your own research before making any decisions about your pension.
  • If you're unsure about something, contact a regulated financial adviser.

By following these tips, you can help to protect yourself from pension scams.

Further sources of helpful information:

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