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The Retirement Newsletter: Pension scams
Issue Number: -49 — watch out, watch out, there is a pension scammer about
Welcome
Welcome to issue -49 — this week, pension scams.
In this edition of the newsletter, while the websites I mention are all UK based, the general information they present and the information below is useful, regardless of where you live.
Pension Scams
Please note: The material below is based on what I have read over the years about money and pension scams. The material does not cover every type of scam or con. I am not an expert.
Pension scams are — actually, words fail me.
Pension scams are the worst in that so much money can be involved, and we can lose the benefits accumulated through our pension scheme. All those years of saving, lost.
The scams typically target saved cash and pension lump sums. So, beware.
OK, let’s look at how we can spot some scams, the types of scams used, some checks you can do to avoid scams, and what you can do if you have been scammed or a scammer approaches you.
