Be #ScamSmart

Be #ScamSmart

Earlier this year, The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) launched a joint campaign to raise awareness of pension scams. Latest figures report that pension scam victims lose an average of £91,000, often after being duped into handing over their savings by a cold caller.

How to spot the warning signs:

Scams often include:

•             unexpected offers

•             promises of high / guaranteed returns

•             free pension reviews

•             accessing pension before age 55

•             time pressure 

If you suspect a scam you should:

  • Report to the FCA by contacting their Consumer Helpline on 0800 111 6768 or using the reporting form at
  • Report to Action Fraud on 0300 123 2040 or at
  • If they’re in the middle of a transfer, they should contact their pension provider immediately and then get in touch with TPAS at
  • If anyone has been scammed, they should be wary of future scams

To find out more, you can visit the FCA’s website here