As of April 2015, new pension rules mean that if you are a saver over the age of 55 with a personal or company pension, you will have greater access to your pension pot and can release more or all of your savings to do as you wish. This change is likely to increase fraudster’s efforts to deceive you into cashing in your pension early, charging advance fees, offering cash back or putting your money into bogus investment schemes.
If you are considering moving your pension funds into an investment always seek impartial regulated advice. All pension advisors, brokers or financial organisations should be authorised and regulated by the Financial Conduct Authority (FCA). You can check for this by visiting www.fca.org.uk/register or by calling their consumer helpline on: 0800 111 6768.