The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
The advertising campaign comes after updated figures revealed savers lost around £91,000 each on average from scammers promising lucrative returns from fraudulent schemes, with a third unsure of how to check whether the person they are speaking to is legitimate. The regulators are recommending four steps to savers when receiving unsolicited messages - either by phone, post, email or social media - to help recognise when they are at risk of being scammed. These are: immediately rejecting unexpected pension offers; check on the person making contact with the FCA; take time and do not succu...
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