Millions of Britons are unable to spot even the most obvious pension scams, according to new research that calls for stronger checks to help people avoid them. The study from the Pensions and Lifetime Savings Association (PLSA) found that 29% of the 2,000 people surveyed, equating to 14.8 million UK adults, were unable to spot even the most obvious scams.
Before you fall foul of a scam, make sure you educate yourself on how to keep safe.
An increasing number of fraudulent companies and cold callers are targeting savers with pension scams, claiming they can liberate pensions for lucrative investments, only to make off with your hard-earned cash. it’s a problem we hear about often at Pension Works – and once stung, there’s very little recourse.