Stan and Ivy Sutton (whose names have been changed by request), have warned others to be wary of cold call offers from people posing as pension advisers. Read More.
Experts are warning that boiler room scammers have been stepping up their efforts to trick UK investors – in the wake of the new pension freedoms rolled out in April. The scams are so sophisticated that increasingly investors are falling for their lies. Read more.
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Which? finds only half of elderly workers confident they would know a legitimate pensions investment. Read more.
£1.7 Billion lost to boiler room activity in London, read more.
Fraudsters have set up a bogus website claiming to be the official site of National Savings & Investments (NS&I) and are contacting members of the public, cold calling them and offering them the chance to invest in 65+ Bonds (also known as Pensioner Bonds).
If you have been approached, or are worried you might be a victim please contact us. Read more.
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Investor Protectors will continue to run stories on the subject of pension scams with regularity to enforce the message of how very real and serious this threat is.
Do not underestimate how persuasive or how legitimate sound the advice being given might be. Even a face to face visit which is proving more and more popular with scammers as a way of establishing credibility is not a cast iron guarantee your money is not simply going to go into a black hole.
If you are being spoken to about your pension and are unsure who to trust then please do get in touch and we can help you better guard yourself against the potential pitfalls.
The Daily Mail reports on the damaging effects these scams have had on people who had invested their pensions in what turned out to be nothing more than a scam.