Pension scams and Coronavirus

Nov 24, 2020, 11:01 AM by User Not Found
The cost of pension fraud continues to rise, with scammers cashing in on the Coronavirus pandemic.

According to Action Fraud, more than 160 new pension scam cases have been reported since the start of the first lockdown in March. 

And overall, more than £30million has been lost to pension scammers in the past three years alone, with savers losing anywhere from a few hundred pounds to £500,000 each.

Action Fraud is the UK’s national reporting centre for fraud and cybercrime.  And offers a wide range of information about:

  • How pension scams work
  • What pension scams include
  • Ways to protect yourself from pension scams
  • How to report a pension scam

You can read it all online here 

The Government has also produced a guide specifically about how to protect yourself from fraud and cybercrime during the Coronavirus crisis.  That can be found online here 

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