Vickie Sheriff, Which? Director of Campaigns and Communications, said:
“Pension scams are a worrying problem and are costing savers millions of pounds. Should the Chancellor announce plans to crackdown on pensions cold calling it would be a victory against criminals who will always find ways to try to target even the savviest people.
“No legitimate pension or investment firm will ever cold call you about releasing cash from your pension, accessing it before you are 55 or extra tax savings, so alarm bells should ring if they do.”
- In June, Which? research revealed that pension scams are costing retirees millions. More information on this is available here – https://press.which.co.uk/wh