The Pensions Regulator has produced another guide about pension scams, which are on the increase.
People are being enticed by promises of gaining early access to the their pension fund and/or higher benefits. In many cases these are bogus offers and members who get taken in by them will lose most, if not all, of their pension savings. In addition, the companies offering such bogus schemes are not regulated by UK statutory regulators and this means that members who suffer losses will not be compensated and could end up with a significant tax charge.
You can view the Regulator's leaflet by clicking here.
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