The auto-enrolment solution for Northern Ireland
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Pension scams are on the increase in the UK. Every day fraudsters are using sophisticated ways to part savers from their money and a lifetime’s savings can be lost in moments.
Watch out for scams related to coronavirus (Covid-19). These scams take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities. Scammers are sophisticated, opportunistic and will try many things. They are also very likely to target the vulnerable. Beware of investments that appear to be too good be true.
Read how to avoid coronavirus scams to find out more about potential scams, how they could affect you and how to protect yourself.
Scammers might try to persuade you to cash in your pension – either the whole lot or a large sum – and hand the money to them to invest. Watch out particularly for people contacting you out of the blue or adverts claiming to offer free pension reviews or no-obligation consultations.
To help protect yourself you should:
There is further advice on the FCA’s ScamSmart website about how to protect yourself and if you suspect you may have been contacted in what could be a scam.