Pension Scam Action Group

Pension Toolkit

Pension Toolkit

Pension Scams Action Group

Protect Your Pension: Stay Alert to Pension Scams

Your pension is one of your most valuable assets, so it’s important to keep it safe. Scammers often try to trick people by offering fake pension deals or promising quick cash.

We’ve put together clear tips and examples to help you recognise common scams and know what to do if you’re approached. Always check with trusted pension professionals before making any decisions.

Remember, if something sounds too good to be true, it probably is. Stay informed and protect your future.

things to know

New fraud and cyber crime reporting and analysis service

If you suspect fraud or cybercrime:

  • In England, Wales, or Northern Ireland, report it to Action Fraud

  • In Scotland, contact Police Scotland on 101

  • Report suspicious emails to the Suspicious Emails Reporting Service: report@phishing.gov.uk

Action Fraud offers advice on how to report:

·         Suspicious phone calls and text messages

·         Websites which look like a scam

·         Scam adverts

In March 2025 representatives from PSAG, the City of London Police, the National Economic Crime Centre, and the Pensions Regulator hosted a webinar to share progress and introduce a new fraud reporting service. Key updated include:

  • Website detection tool: developed by PSAG and TPR’s data scientists, this machine learning tool identifies potentially illicit websites and enhances risk analysis

  • Pledge to Combat Pension Scams campaign: over 700 organisations have pledged their support, with more than 400 self-certifications

  • New reporting platform: the Fraud and Cyber Crime Reporting and Analysis Service (FCCRAS) programme will replace Action Fraud. This new platform, called Report Fraud, will:

    • Expand Action Fraud’s current public contact centre

    • Renovate the website and reporting tool

    • Implement a new crime and intelligence system, Foundry

    • Improve data accessibility

The new service aligns with the Home Office’sStop! Think Fraud, which already signposts savers to information about how to protect themselves from scams. Hints on minimising risks online including setting up 2-step verification can be found on this government provided website.

Where can I find more information?

Here are some free, impartial resources to help you understand your pension options:

Money and Pensions Service (MAPS)

Free and impartial guidance to people with workplace and personal pensions

Provides information on pensions regulations and helps resolve disputes

MoneyHelper

Provides free and impartial money and pension guidance backed by the government

Tools and calculators to help you understand your pension options and retirement planning

Pension Wise

Free and impartial government service that helps individuals aged 50 and over understand their pension options

Offers appointments and guidance on how to access pension savings.

Frequently Asked Questions

FAQs

If you have any other questions not answered below, please don't hesitate to contact us.

When should I report a scam?

When should I report a scam?

When should I report a scam?

How should I report a scam?

How should I report a scam?

How should I report a scam?

If Action Fraud is changing when will the new service be announced?

If Action Fraud is changing when will the new service be announced?

If Action Fraud is changing when will the new service be announced?

More Articles

Group discussing retirement plans in a relaxed setting over coffee.

Taking Your Pension

Planning for retirement can feel overwhelming but we’re here to guide you every step of the way.

Group discussing retirement plans in a relaxed setting over coffee.

Taking Your Pension

Planning for retirement can feel overwhelming but we’re here to guide you every step of the way.

Group discussing retirement plans in a relaxed setting over coffee.

Taking Your Pension

Planning for retirement can feel overwhelming but we’re here to guide you every step of the way.

Close-up of someone holding a payment card, representing pension scam awareness.

Scam Awareness

Stay safe: how to spot and avoid pension scams

Close-up of someone holding a payment card, representing pension scam awareness.

Scam Awareness

Stay safe: how to spot and avoid pension scams

Close-up of someone holding a payment card, representing pension scam awareness.

Scam Awareness

Stay safe: how to spot and avoid pension scams

Financial adviser meeting with an older couple to discuss pension scam prevention.p

Pension Scams Action Group

Your pension is one of your most valuable assets, so it’s important to keep it safe.

Financial adviser meeting with an older couple to discuss pension scam prevention.p

Pension Scams Action Group

Your pension is one of your most valuable assets, so it’s important to keep it safe.

Financial adviser meeting with an older couple to discuss pension scam prevention.p

Pension Scams Action Group

Your pension is one of your most valuable assets, so it’s important to keep it safe.

Hughes Price Walker support team member using a headset while assisting clients at a computer.

Interested in how we
can help you?

Our team is here to help with any questions you may have. Whether you need more information about our services, guidance on your pension scheme, or support with one of our tools, we’ll make sure you get the answers you need quickly and clearly.

Hughes Price Walker support team member using a headset while assisting clients at a computer.

Interested in how we
can help you?

Our team is here to help with any questions you may have. Whether you need more information about our services, guidance on your pension scheme, or support with one of our tools, we’ll make sure you get the answers you need quickly and clearly.

Hughes Price Walker support team member using a headset while assisting clients at a computer.

Interested in how we
can help you?

Our team is here to help with any questions you may have. Whether you need more information about our services, guidance on your pension scheme, or support with one of our tools, we’ll make sure you get the answers you need quickly and clearly.