Pension scam alert: Five tips to share with clients

Pension scam alert: Five tips to share with clients

Jenna Towler
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A fifth of people over 50 have been targeted by pension scammers, according to research from provider Retirement Advantage.

The pensions firm said its survey, conducted by YouGov, found 17% of over 50s and 20% of over 55s has been approached by a company offering to ‘help' them access their pension savings early. It said many scammers were offering services which included taking advantage of legal loopholes or a one-off investment opportunity. The most common method of contact was by telephone (50%), followed by post (24%) and then email / online (23%). Five pension avoidance scam tips to share with clients 1. An offer to help you access your pension savings before age 55. It is only possible to do ...

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