Investment updates from FiveWays Financial Planning

May 2020: The Pandemic and After

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Of Wills and Lasting Powers of Attorney

Of Wills and Lasting Powers of Attorney

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Pension scams claim more victims

A rising tide of pension scams is an unwelcome consequence of the ‘pension freedoms’ introduced in 2015. Because people can now get access to their whole pension fund if they wish once they reach age 55, it is worth fraudsters’ while to try and persuade them to transfer this money to dodgy investment schemes. Such frauds, where victims have lost all the money they had in their pension fund, are reported in the Press almost every week. Mostly, they involve investment in schemes or companies that transfer your money to the fraudsters.

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Posted by Jim Bloodworth

Posted 13 Feb 2018 in Investing Your Money, Saving for Retirement

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