Which? responds to FCA findings on pension scams that reveal five million savers could be at risk

Jenny Ross, Which? Money Editor, said:
“Pension scams are becoming increasingly sophisticated and have devastating consequences, leaving savers at risk of seeing their entire retirement income disappearing in an instant. It’s vital that more is done to raise awareness of these scams, and that robust measures are put in place to protect people.

“Savers should always be wary of unsolicited calls, online offers and adverts claiming to offer investment opportunities, free pension reviews, or access to your funds before you turn 55. Before even thinking about engaging, check if the company is on the FCA’s register, as unfortunately fraudsters and bogus companies are on the rise.”