Article preview: Pension pots are often a target for scammers, who view these typically large sums of money as rich pickings. With the recent introduction of a cold calling ban which applies to pensions, there are still widespread concerns that fraudsters are picking on pension pots. A new warning from the Insolvency Service is encouraging pension savers to keep their guard up against investment scammers and negligent trustees. These factors represent probably two of the biggest threats to your pension wealth. According to the Insolvency Service, since 2015 they have applied to the courts to wind-up 24 companies involved in pension misuse.
Take these steps to protect your pension pots
This 625 word blog post offers tips for avoiding pension scammers in light of the recent cold call ban and fresh warning from the Insolvency Service about cases of pension misuse. Includes an expert comment from Consumer Minister Kelly Tolhurst MP. Written on 22nd January 2019.
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