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Fraudsters are good at creating scams that target your pension.
We explain their methods, so you can protect your money.
A guarantee of higher returns
Fraudsters may promise to increase the money in your pension and offer higher interest rates.
Access to your pension before 55 years old
If someone offers to release cash early from your pension, itās more than likely a scam.Ā
An unusual, complicated or long-term investment
Itās easier for a fraudster to manipulate you if you donāt fully understand whatās on offer.
Higher than normal fees
A pension scam may involve more than one person or company, who all take a fee.
Find out if a company is registered with Companies House. Get the names of directors and search online to see if anyone has posted bad reviews.
Get free independent, impartial information and advice from the Money & Pensions Service.
If fraudsters steal your pension, contact Action Fraud immediately.
Use the FCA website to report an unauthorised company or a scam.
If youāre getting nuisance calls and messages, contact the ICO.
If you suspect a scam and want to stop a pension transfer, contact your pension provider immediately.