Pension scam victims 'lose 22 years of savings in 24 hours'

As part of the regulators' joint ScamSmart campaign, to encourage people to protect their savings, research has revealed it could take a saver 22 years to build a pension pot of £82,000. This was the average amount victims lost to scams in 2018. Nearly one in four people (24%) surveyed admitted to taking 24 hours or less to decide on a pension offer. Even though 63% said they are confident in deciding about their pension, the same proportion would trust someone offering pensions advice out of the blue. TPR and the FCA also found that those with a university degree are 40% more like...