Pension scam alert: Five tips to share with clients

Pension scam alert: Five tips to share with clients

Jenna Towler
clock •

A fifth of people over 50 have been targeted by pension scammers, according to research from provider Retirement Advantage.

The pensions firm said its survey, conducted by YouGov, found 17% of over 50s and 20% of over 55s has been approached by a company offering to ‘help' them access their pension savings early. It said many scammers were offering services which included taking advantage of legal loopholes or a one-off investment opportunity. The most common method of contact was by telephone (50%), followed by post (24%) and then email / online (23%). Five pension avoidance scam tips to share with clients 1. An offer to help you access your pension savings before age 55. It is only possible to do ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension Lab processes more than one million digital LoAs

Pension Lab processes more than one million digital LoAs

Challenge around ‘standards for consistency’

Sophia Panayi
clock 06 November 2026 • 1 min read
DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read
Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read