@NAT - Pension scams

The Pensions Regulator’s five steps to avoid becoming a victim of a pension scam:

• Never give out financial or personal information to a cold caller
• Check the credentials of the company and any advisers – who should be registered with the Financial Conduct Authority
• Ask for a statement showing how your pension will be paid at retirement, and question who will look after your money until then
• Speak to an adviser that is not associated with the deal you’ve been offered, for unbiased advice
• Never be rushed into agreeing to a pension transfer.

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