Over 5 million savers at risk from pension scams across the UK

Pedro Gonçalves
clock • 3 min read

More than 5 million pension savers are at risk of being conned as fraudsters increasingly target people's retirement cash pots, regulators have warned. A report commissioned by the Financial Conduct Authority and The Pensions Regulator has found that 42% of pension savers, which equates to over 5 million people, could be in danger of losing out from criminal tricks such as cold calls and time-limited offers. Research suggests people could fall for at least one of six common tactics used by pension scammers. Tactics used include cold calls, "free" pension reviews, claims of guaran...

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