Scams: The scams to watch for if you’re considering early pension access
One in four UK adults aged 40 and over would consider accessing their pension early to pay for the cost of living, research reveals.
The regulator, the Financial Conduct Authority (FCA) is warning that pension holders are becoming vulnerable to ‘misdirection’ scams in light of the cost-of-living crisis.
It said 44% of savers admitted they would take up the offer of a free pension review. But this is a classic distraction technique used by criminals to con them into parting with their life savings.
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