How to avoid being duped by investment scammers
For every hard-working individual who has built up a pension pot to fund their retirement, there is a criminal trying to scam their way into stealing some of it for themselves. Pension funds are often the second largest source of wealth behind home purchases and, as a result, are a tempting target. Sadly, scams are not new to pensions. These are two of the most common forms. Pension liberation The victim is under the minimum age at which benefits can be drawn legitimately (age 55) and is promised access to their funds early, albeit subject to hefty charges. Investment scam The unsuspecting target is persuaded that current, legitimate, regulated pensions
