Pension scams: Top five tips to help clients evade fraudsters

Scams on the rise

Jenna Towler
clock • 2 min read

Giving clients clear and concise information is an effective way to help them spot pension scam warning signs and avoid the fraudsters.

Here, campaign group Pension Life outlines the top five things clients should be looking out for to stop their hard-earned cash falling into the hands of fraudsters.   Guaranteed results Pension Life chairman Angela Brooks urged savers to look out for promises of "guaranteed results" from investments, which she says should set alarm bells ringing. She explained: "The scammers typically use the magic number 8% or 9% growth per year for two to five years. In the real world, there is no such thing as a guaranteed return. It is a hook to catch people who are, quite understandably, ke...

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

Govt forced to respond as pension tax lock petition secures 14,000 signatures

Govt forced to respond as pension tax lock petition secures 14,000 signatures

Started by AJ Bell ahead of 26 November Budget

Jenna Brown
clock 13 October 2025 • 1 min read
Petition pushing government to protect pension tax incentives gets 3,000 signatures

Petition pushing government to protect pension tax incentives gets 3,000 signatures

AJ Bell pushes to end ‘damaging speculation’ on tax-free cash and reliefs

Jenna Brown
clock 07 October 2025 • 2 min read
Standard Life launches 'affordable' pensions-focused advice arm

Standard Life launches 'affordable' pensions-focused advice arm

For existing Standard Life customers approaching retirement

Jenna Brown
clock 06 October 2025 • 2 min read