Pension scams involve a number of different tactics whereby scammers attempt to persuade you to transfer your pension, offer to assist you with releasing cash early from your pension, or promise you a payment outside of your pension to encourage you to part with your savings.

The contact will likely come “out of the blue” by phone, email, online, social media or even from a friend or family member.

It is really important you understand how pension scams work, know the warning signs and know how to spot them.