TitleHow to Spot and Avoid a Pension Scam
25 May 2017
Dont lose your pension fund to a scam there are easy signs to spot crooks trying to get your money.
If you transfer your pension to a new provider the risk of fraud is high!
We recommend taking advice from a regulated financial adviser before undertaking a transfer, but there are also some simple questions you can ask yourself to help identify a scam.
|Did the receiving scheme or any connected party contact you first? (Cold calling, by telephone, text email, post or door to door)|
|Will you be receiving any payments bonuses or loans from the receivng scheme administrators as a result of transferring your benefits?|
|Have you been told you can access any part of your pension before age 55, other than on the grounds of ill health?|
|Have you been promised a specific or guaranteed rate of return on your pension under the receiving scheme?|
|Have you been informed of an investment opportunity (not stocks and shares) in another country outside of the UK?|
|Have you made reasonable checks on the receiving scheme, is it too good to be true?|
If you are concerned about a pension transfer you are considering please call us, we will be happy to talk you through the proposal, free of charge.