Beware pension cold calling

06.05.2015

With all of the new pension rules now in place, people can get access their pension cash. There are however plenty of unscrupulous, unethical people or companies circling and keen to take advantage. Do not let unqualified people offer you the chance to invest with the promise of huge returns that have left so many with no pensions at all. Very often the only people who make money are the people advising you to buy their wonderful investments. Up to 40% of your money might end up in their pocket as commission and you will end up with an investments either worth nothing or impossible to sell. Take care with your money, ask questions, check your advisers qualifications and most of all make sure the investments are regulated. if in doubt call us or the FCA or MAS for advice on the company or adviser.

http://www.fca.org.uk/consumers

https://www.moneyadviceservice.org.uk/en