Pension Liberation Fraud
Pension liberation, or Pension unlocking, is where an individual is encouraged to gain access to money in their pension funds before retirement, usually not accessed before age 55.
This activity is on the increase, so please do not be misled by websites, cold-calls or advertisements encouraging schemes that offer the chance to borrow money from your pension fund early. This can result in substantial tax charges and penalties, which those being targeted are not usually told about.
Some of these schemes also transfer money into high-risk investments, often based overseas and there is no guarantee that savers will get their money back if something goes wrong.
You should seek professional financial advice before deciding to make a pension transfer, especially to a company you are not familiar with.
If you are concerned about Pension Liberation Fraud, or believe you have been targeted please contact us by phone 0207 004 8888*.
For more information on Pension Liberation Fraud please see information from The Pensions Regulator and HMRC.
*Calls may be monitored or recorded for quality and security purposes. Opening times 9am - 5pm (Mon - Fri).