Pension scammers target 1.8 million over-50s in three months

That equates to some 1.8 million people, who have been offered unsolicited free pensions advice or investment opportunities by phone, text or email. Retirement Advantage pension technical director Andrew Tully (pictured) said: "The pension freedoms have opened the floodgates for scammers and conmen to prey on people who are keen to access their pensions. "These scammers are using increasingly sophisticated and convincing ways of trying to defraud large amounts of cash from people's hard-earned pensions and savings." Tully pointed out attempts by financial services providers and reg...