The financial regulator has issued a fresh warning to consumers on the dangers of early pension release scams, also known as pension liberation schemes.
An updated section on its website, the watchdog told consumers it is essential to get independent financial advice before proceeding - and to challenge any adviser to who recommends early release. The Financial Conduct Authority (FCA) is working with The Pensions Regulator, Serious Organised Crime Agency and other organisations to combat pension liberation scams. The FCA said: "You should be especially wary of any scheme offering to help you release cash from your pension before you are 55, as it is almost certainly a scam. "If you are thinking about entering a scheme to access your ...
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