According to the Pensions Regulator, pension scams are on the increase in the UK and I am certainly beginning to get more pension-related cold calls than usual.
The advice is not to entertain contacts from any company claiming to offer pension reviews, one-off investment opportunities or legal loopholes.
It is essential to know that anyone under the age of 55 cannot release their pension unless in the event of ill health and those over 55 can release from April 2015.
The government via the pensions regulator website – http://www.thepensionsregulator.gov.uk/individuals/dangers-of-pension-scams.aspx – is doing all it can to make individuals aware of the very real dangers of these scammers.
Be armed by reading through the website. It might be all you need to protect your hard earned savings.
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