Beware rise in pension scams with around 60 savers a month being targeted by crooks in 2016
Threat: 60 savers a month are being targeted by crooks in 2016
A major insurer says the number of customers asking to transfer their pensions to suspected scams has tripled.
Aegon says 60 savers a month are being targeted by crooks in 2016, up from 20 last year. The fraudsters typically cold-call victims and offer free pension reviews.
They then promise big returns if customers transfer cash into risky investments such as wine or overseas property.
Savers who sign up risk losing their nest eggs — either because their cash is stolen or lost in risky schemes.
Victims of so-called pension liberation scams who take nest eggs early can also be hit by hefty 55 per cent tax charges.
- Planning on becoming a property millionaire? Think twice as...
- The things you need to read about Brexit: SIMON LAMBERT...
- The used Jaguar worth up to 20% more than a brand new one:...
- Bank warns Brexit will hammer pound and derail economic...
- Fears for up to 800 UK jobs as British Airways hires Indian...
- Travelex launches Supercard which lets you sidestep hefty...
- FTSE CLOSE: Carney warns of 'adverse spill-over' to UK...
- High street sales show surprise rise as shoppers brush aside...
- 'Cash beats shares!' BBC journalist Paul Lewis challenges...
- Britain should CUT not raise taxes after Brexit: Even...
- Do you trust your insurer to pay out quickly? How to get...
- I want to build a website for my small business, how do I do...