Pensions - Articles - The popularity of ScamSmart

Commenting on popularity of ScamSmart, Stephen Lowe, director at retirement specialist, Just Group said:

 “The government’s policy response to the risk of Pensions Freedoms, including a surge is scams, was ‘free advice’. The level of interest in ScamSmart offered by the FCA and TPR shows the risk of scams has not abated.

 Nearly four years after the Pension Freedoms were introduced we are finally on a clear path to a single, impartial pension guidance service – one that will not only guard against scams but also help them make informed choices about the complex choices they now face – but it really needs to become the social norm for it to deliver a comprehensive defence against scams and poor choices.

 The new opt-out default guidance service delivered by the independent and impartial Single Finance Guidance Body could become the place most people naturally go to, to sense check their plans and receive the protection to avoid those too good to be true offers.”

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