The Pension Scams Action Group has published a new checklist to help individuals protect themselves from pension scams.
These steps serve as a crucial guide for anyone who feels uncertain about their pension dealings.
Is the offer unexpected? If you're approached out of the blue with a pension offer, it’s a red flag. Scammers often create urgency to get you to act quickly without considering the risks.
Have you checked who you’re dealing with? Before proceeding, verify the credentials of anyone offering financial advice. The FCA’s Financial Services Register allows you to confirm if the individual or company is authorised to provide advice.
Stop and think – are you being rushed or pressured? Scammers often try to rush you into making decisions under pressure. Take a step back, and never let anyone pressure you into making quick choices regarding your pension.
Should you seek impartial advice? It’s always wise to seek unbiased advice from trusted sources. MoneyHelper, Pension Wise and Stop! Think Fraud offer valuable resources to guide you through the decision-making process.
By following these steps, you can safeguard your pension and make informed choices. Stay cautious and verify details before taking any action.