Pensions - Articles - Regulators warning about pension scams very timely

 The former pensions minister said that consumer anxieties about the fall in markets was the biggest item in his mailbox at present and that savers needed to be careful not to do something that they would regret at a time like this.

 Steve Webb said: 'The questions I am getting at the moment from members of the public very clearly reflect anxiety about the slump in markets and worry about the potential for further falls. It is vital that consumers are protected from con merchants who sound convincing but are actually out to prey on the vulnerable. It is shocking that at a time when we need to pull together there are people who see this as an opportunity to cash in on people's anxieties. Savers need to check with impartial sources of advice and guidance before making big decisions about their finances, especially in the current climate, and not be pressurised into doing something they will later regret'.