One in eight over-50s targeted by liberation fraudsters

The firm said criminals were targeting people around retirement age in a bid to take advantage of confusion caused by changes to the pension system announced in the Budget. It commissioned a survey of more than 900 over-50s, which found that 17% of people aged 50 to 59 had been approached by fraudsters and 11% of those 60 and above had been targeted. While the majority (61%) identified the scam, more than a quarter (27%) did not immediately spot the fraud and one in eight (12%) trusted the advice and wanted to learn more. Fidelity said its research also revealed a "distinct misunde...