Pension Scam Tactics

Cold-calling is currently by far the most common method used to initiate pension fraud. Other scam tactics include:

Unexpected contact about a pension via phone, post or email
Promises of guaranteed high returns and downplaying the risks
Offering unusual or overseas investments that are not regulated by the FCA, such as overseas hotels, forestry and green energy schemes
Putting people under pressure to make a quick decision, for example with time-limited offers and sending a courier round with paperwork to sign
Claiming to be able to unlock money from an individual’s pension (normally only possible from age 55)

We recommend you reject unexpected pension offers – whether made online, on social media, through the post or over the phone. Contact us if this happens and after running through security we will endeavour to help.

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