Pension scams: How to help clients avoid the fraudsters

The pension reforms, announced in March 2014 and enacted this April, have increased the opportunities for clients to take funds out of their pension pots. Evidence from Which? suggests that cold-calling about pension products has increased significantly since the introduction of pension freedom. These features combined mean that clients and consumers are likely to be exposed to a wider range of investment opportunities, some of which may result in them being misled by potentially fraudulent individuals and firms. Pension scams are not a new phenomenon. However, the advent of pensio...