Fraudsters targeting pension pots in the wake of freedom and choice reforms are increasingly linking their efforts to investment scams such as fine wines and overseas property, Citizens Advice has warned.
The consumer organisation, which operates the face-to-face element of guidance service Pension Wise, also warned one of its clients had reported a man posing as a financial adviser visited his home after he responded to a pension review offer advertisement. Citizens Advice said many of the companies involved in pushing such investments were not regulated by the Financial Conduct Authority and were not qualified to give financial advice. Pensions freedom means over 55s have complete access to their defined contribution pension savings and can access pots at any time, subject to normal ...
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