Consumers must beware DB transfer cold-callers - FOS
‘Vast majority of advisers are professional’
The FOS said it often hears from people who thought they were dealing with a well-established firm, only to discover their life savings had been stolen
The Financial Ombudsman Service (FOS) has added its voice to those warning consumers off picking up unsolicited contact with cold-callers following the introduction of the pension freedoms.
The ombudsman said it was seeing evidence "unscrupulous firms" were taking advantage of consumers who wanted to transfer out of their defined benefit (DB) schemes to make the most of the flexibility of...
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