Many people have been targeted by pension scams, offering seemingly attractive ‘investment opportunities’ to encourage you to transfer your pension savings to their funds.
These scams could result in the loss of your entire pension savings and you could also face significant tax penalties. If in doubt, before you sign anything, you should contact the Pensions Advisory Service on 0300 123 1047.
To find out more, you can visit www.pensionsadvisoryservice.org.uk or visit the Pensions Regulator’s ‘scams website’ for details of what to look out for: www.pensions-scams.com
You can also read this booklet produced by the Pensions Regulator: scams booklet