Action Fraud has issued a warning to savers to protect their pensions amid an uptick in cases this year:
Action Fraud pension scam article
FCA director of enforcement and market oversight Mark Steward said: “Scammers target people from all walks of life. It doesn’t matter the size of your pension pot; scammers destroy retirement dreams so it’s vital that consumers know how to protect themselves from scammers.”
His recommendation to savers is to “know who you’re dealing with.”
“Always check the FCA Register to make sure that anyone offering you pension advice or any other financial service is authorised by the FCA to perform the service they are providing for you, and that the details they are providing are the same as those on the register,” he added.
It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.
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