For members of the Local Government Pension Scheme in England and Wales
Could pension scams increase?
This news article was published on 18 Jul 2022
Yes. Watch out for scams related to the rising cost of living. These scams may take many forms and could be about insurance policies, pension transfers or high risk investment opportunities, including investments in crypto-assets.
Scammers are sophisticated, opportunistic and will try many things. They are likely to target the vulnerable. Beware of investments that appear too good to be true.
To protect yourself you should:
reject offers that come out of the blue
beware of adverts on social media channels and paid for or sponsored adverts online