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What is a pension scam?
A pension scam often involves a fraudster targeting someone who has access to their pension and encouraging them to move the funds, which may result in money being lost or unreasonable charges.
Steps to protect yourself
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01
If the call is from a company you recognise but you’re not sure if it’s legitimate, put the phone down immediately and find the company’s phone number on their website to ring them directly.
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02
Don’t give away your financial or personal details over the phone. A legitimate scheme and company will not ask for these.
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03
Check if the person or company is legitimate by checking with your country's financial regulator as they would have a list of registered firms, individuals and financial institutions.
How to report fraud
If you've been the victim of fraud, please tell us straight away if you've given any details out or think you may be the victim of fraud or a scam.
Identity theft
Identity theft is when a fraudster steals your personal information to impersonate you, open accounts, obtain credit or set up businesses.
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Pension scams
A fraudster encouraging someone with access to their pension to move funds, where the money may be lost or unreasonably charged.
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Impersonation fraud
Criminals pretend to be a trusted organisation, may say your account is at risk and ask you to move your money to a ‘safe account’.
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