We recommend you exercise extreme caution if you are asked to transfer your pension savings.
Watch out for text messages, letters, emails or phone calls offering to help you with your pension savings. You might be put under pressure to make a quick decision or to take a cash inducement. If you do transfer to a fraudulent account, you could lose all your pension savings.
For more information about spotting scams visit www.thepensionsregulator.gov.uk/pension-scams.
If you suspect a scam, report it to the Financial Conduct Authority’s consumer helpline on 0800 111 6768 or Action Fraud on 0300 123 2040.
You can also contact The Pensions Advisory Service, who will be able to provide guidance, on 0800 011 3797 or at www.thepensionsadvisoryservice.org.uk.