What Is A Pension Scam?

A pension scam is where a scammer tries to get access to clean out a person’s pension money.

A pension scam usually starts with the scammer contacting their target unexpectedly and talking about:

• A lucrative business or investment opportunity
• The ways to invest pension money
• Taking pension money before the age of 55

How to Spot A Pension Scam?

Scammers will try various ways to coax their target to part with their pension money – from providing misleading or false information to promising opportunities that are just too good to be true. Here are some things that a scammer might do:

• A lucrative business or investment opportunity
• The ways to invest pension money
• Taking pension money before the age of 55