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Pension scams: Millions could be at risk

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The joint FCA/TPR ScamSmart pension campaign launched at the beginning of July, and continues throughout the summer. The FCA and TPR recently published new research which reveals millions of people could fall for pension scam tactics. Key findings show that cold calls, unusual investments and early access to cash are among the most persuasive tactics used by fraudsters and – alarmingly – that those who consider themselves financially savvy are just as likely to fall victim to a pension scam. The recent ScamSmart quiz on FCA’s website demonstrates just how easy it is to be scammed – encourage your staff to stay alert to the danger signs of a pension scam. Visit www.thepensionsregulator.gov.uk/pension-scams for more information.

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