Some useful advice from The Pensions Regulator;
“New research shows that millions of savers could be at risk of pension scams.
Scams can happen to anyone. That’s why we’re running a joint ScamSmart campaign with the Financial Conduct Authority to warn savers of the risk of scams.
You are the professional. Scammers are not. Get to know your responsibilities as a professional adviser and help protect them.
Pension scams are devastating. Figures show that last year those who fell victim lost on average £82,000.
Common warning signs include:
pension cold calls
free pension reviews
claims of guaranteed high returns
unusual investments – like overseas hotels or storage units
early access to your pension under the age of 55
pressure of time limited offer”
There is also a helpful scams prevention guide and online quiz to help you spot potential scams.
Evans & Co are here to help if you have any questions with the administration of auto-enrolment pension schemes