More so than ever, pension scammers are looking to exploit savers out of their valuable pension benefits. Pension regulators are encouraging savers not to make any rash decisions during the Covid-19 pandemic.
The Financial Conduct Authority have a short leaflet that covers what signs to look for in regards to pension scams. In short, these are:
- reject unexpected offers
- check who you’re dealing with
- don’t be rushed or pressured
- get impartial information and advice.
You can also find additional information on our website. If you’ve read our article on How safe is my local government pension? then you’ll be aware that your local government pension works differently to many other pensions. At Greater Manchester Pension Fund (GMPF) we can guide you on these options through our website, or by contacting us.