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New Year Pension Scams Campaign launched today

Pensions continue to remain firmly in the spotlight as we move into 2016. As even more people join pension schemes and begin to access their pensions more flexibly, it is vital that people are aware of very real risks of pension scams and the consequences of transferring a life time worth of savings.     

The campaign launched today aims to help pension savers identify the warning signs of a scam, know where to go for help and guidance and what to do next if they think they’ve fallen victim. By raising awareness of this potentially devastating issue, pension savers can make sure that their plans for later life are scamproof, ensuring that their financial future is protected.

Michelle Cracknell, Chief Executive of the Pension Advisory Service said “We know that scammers will target anyone at any time, but the period after Christmas when money is a little tight, is a prime time for people to be contacted out of the blue with unrealistic offers of fast cash.  It’s important that we keep highlighting to consumers the best way to protect their pensions from these opportunists and raise consumer awareness of pension scams. The campaign launching today will continue to improve people’s knowledge of scams, what a scam looks like and how it might impact their later life, should they fall victim. We urge anyone to get in touch with us on 0300 123 1047 if they aren’t sure what they’re being offered, it’s better to be safe than sorry.

Lesley Titcomb, Chief Executive of The Pension regulator said: “This eye-catching campaign is another important tool in the fight against pension scams, and supports our on-going Scorpion campaign to help prevent pension savers become victims of unscrupulous yet sophisticated scammers determined to take advantage of recent reforms.”

The campaign will be shared across all social media channels and supported by members of Project Bloom. To support the campaign, you can follow @TPASNews, @TPRgovuk or through the #protectyourpension.

If you’d like to find out more about pension scams, you can read our dedicated pages here or visit The Pension Regulator’s website

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