Which? response to FCA and TPR coronavirus scams warning for pension savers

Gareth Shaw, Head of Money at Which?, said:

“We know investments such as pensions are one of the biggest areas of concern for consumers as coronavirus causes turmoil on financial markets around the world.

“It’s vital that people don’t panic and go looking for risky high-return investments, as we know the internet is awash with unscrupulous operators marketing bogus get-rich-quick investments. Savers should also be on the lookout for unsolicited calls, texts and emails from scammers trying to trick them out of their hard-earned pensions.”

Notes to editors

Which? is a non-profit organisation working to make life simpler, fairer and safer for consumers. During the coronavirus crisis, Which? is making a range of news, advice and guides available for free for anyone who needs it at https://www.which.co.uk/news/coronavirus/