Pension scams: How to help clients avoid the fraudsters
16 Jul 2015
If some pension schemes sound too good to be true, they probably are. Helen Shepherd offers tips on how to avoid falling victim to pension fraud...
The pension reforms, announced in March 2014 and enacted this April, have increased the opportunities for clients to take funds out of their pension pots.
Evidence from Which? suggests that cold-calling about pension products has increased significantly since the introduction of pension freedom.
These features combined mean that clients and consumers are likely to be exposed to a wider range of investment opportunities, some of which may result in them being misled by potentially fraudulent individuals and firms.
Read the full article on Professional Adviser