
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.
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