If you’ve spent many years working hard and saving up for later life, being scammed out of your pension can be truly devastating.
Just a moment of misplaced trust can lead to you losing a lifetime of savings, and it’s impossible to get this money back.
That’s why it’s so important to be alert to the methods used by fraudsters and the warning signs that something might not be what it seems. A pension scam involves a fraudster trying to deceive a person into transferring a share of their pension savings to them.
They’ll use various tactics, such as:
If it Seems to Good to be True, it Probably is
The final piece of advice we’d like to give you is that you should always be sceptical of any offers or deals that seem too good to be true, such as low-risk investments, tax loopholes or time-limited offers.
Fraudsters don’t want you to make informed, well-considered decisions, which is why they wave temptation in front of you and make alluring promises.
Always remember the maxim that any offers that seem too good to be true almost certainly are, and be cautious if anyone is promising you the earth.
If you have any concerns about pension scams or think someone may be trying to defraud you, get in touch with us for support.