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 number of face-to-face and over-the-phone guidance sessions provided by the government-backed service Pension Wise has reached almost 18,000 since its launch in April.
Pension scam alert: Five tips to share with clients
Citizens Advice has issued a stark pension fraud warning just days after freedom and choice came into force stating retirees are being increasingly targeted by ever more sophisticated scammers.
Citizens Advice will operate the Pension Wise service from more than 500 locations across England and Wales, it has confirmed today.
Non-executive director of the Financial Conduct Authority (FCA) David Harker has died aged 64 after a short illness.
The government's guidance guarantee providers will not be properly staffed by April and will lack the right level of expertise to deliver the service, a pensions expert has warned.
The Pensions Advisory Service (TPAS) and Citizens Advice have released job specs for people looking to provide pensions 'guidance' - with each organisation requesting different levels of desired pensions knowledge.