Advisers have a key role to play in the fight against pension scams, writes Claire Trott. Here she outlines the major red flags to be aware of and outlines how to protect clients
The last year has been very difficult for some and the need to access funds from any source possible can put pressure on people to make poor decisions. Unfortunately, we know that scammers will work even harder to take advantage in times of pressure. The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have long been backing a campaign to educate those at risk. Last year Censuswide indicated more than five million people across the UK could be at risk from these types of scams. With a new year and hopefully a new outlook for later in 2021 we need to do all we can to ...
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