Protecting yourself from scams

As fraudsters take advantage of the coronavirus outbreak, extra vigilance is needed.

There is an increase in scams as fraudsters are using coronavirus crisis and market uncertainty to their advantage.  Pension savers may be targeted encouraging you to transfer your pension savings or release funds into what appears to be a genuine investment opportunity. 

Please be extra vigilant when you are responding to emails, phone calls and text messages. Avoid clicking on any links in an unsolicited text message. If you are in any doubt, speak to your adviser directly or call us on 01527 577775.

The Pensions Regulator has produced a leaflet with information on how to spot a pension scam. You can read a copy of this here.  

Here are some of our top tips to help protect yourself from fraud:

  • Reject unexpected pension offers whether made online, on social media or over the phone
  • Think twice before giving out personal details
  • Always hang up if you don’t think a caller is genuine
  • Your pin and login details should never be shared. No genuine organisation would ask for these by phone or email
  • Always check your statements and dispose of carefully
  • Remember email addresses and phone numbers can be faked
  • Read all warnings before making payments online and look for the symbol that tells you the site is secure
  • Think twice before clicking on links in an email
  • Consider getting impartial information and advice – in some cases, it may be a requirement to do so
  • Listen to your instincts.

If you think you have been the victim of a coronavirus related fraud, please report it to Action Fraud.