Pension scams: Top five tips to help clients evade fraudsters

Scams on the rise

Jenna Towler
clock • 2 min read

Giving clients clear and concise information is an effective way to help them spot pension scam warning signs and avoid the fraudsters.

Here, campaign group Pension Life outlines the top five things clients should be looking out for to stop their hard-earned cash falling into the hands of fraudsters.   Guaranteed results Pension Life chairman Angela Brooks urged savers to look out for promises of "guaranteed results" from investments, which she says should set alarm bells ringing. She explained: "The scammers typically use the magic number 8% or 9% growth per year for two to five years. In the real world, there is no such thing as a guaranteed return. It is a hook to catch people who are, quite understandably, ke...

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