Pensions - Articles - Be even more aware of pension scammers now

 Kate Smith, Head of Pensions at Aegon, comments: “Pension savers need to be ever vigilant to the threat of scammers, who constantly look for new ways to take advantage and part people from their hard earned pensions. Anything to keep the risk of pension scams at the front of people’s minds is to be welcomed.

 “Unfortunately the current coronavirus pandemic, combined with the twin factors of a dramatic fall in the stock market and historically low interest rates, have created the perfect conditions for scammers to prey on people, enticing them with the promise of lucrative investment returns.

 “We need to amplify the message with frequent messages about potential scams and reminders that pension cold-calling is illegal in order to keep people’s pensions safe. By working together we can all do our bit to help make this happen.”