Pension Scams How To Steer Clear Of Them: An Expert Review
Introduction Pension scams are extremely serious as they plunder people of their financial safety nets which they build for the golden years of their lives. Sadly, it is very easy to fall prey to pension fraud and scams, if one is not cautious.
With these on the rise, we have prepared this presentation to review and highlight the warning signs and how one can protect their life’s savings against fraudsters and spammers.
Warning Signs Of Fake Pension Schemes Scammers may get in touch with you via spam emails and cold calls They may lure you with offers for free pension reviews, better returns on your pension savings, or market investment opportunities for a comfortable retired life. Stress on emptying your pension fund before you reach 55 for a percentage of it without telling you about the tax implications. You are urged to act quickly but can’t call them back. Contact details on their website is only that of a post office box or a mobile phone number. Pressurizing you with salesy strategies to indulge in high-risk, unregulated investment avenues. Spam you with long term schemes so you are unlikely to realize something is wrong until it’s too late.
Reviewing Tips To Protect Yourself From Such Scams & Fake Pension Schemes
Ignore spam calls & mails Authentic service providers won’t send you suspicious emails and weird attachments. As per reviews, fraudsters also include hidden links which, if clicked upon, may secretly install malware into your device. This puts your personal information at risk. So, be careful!
Authenticate
Make sure that you verify the legitimacy of a company before you decide to transfer your pension funds. Read reviews and ask for references. Stay away if you spot complaints.
Talk to your current pension provider Pay heed to your current pension provider. They will do appropriate checks to ensure that the scheme you are transferring your funds to is not a scam. If they suspect a fraud, proceed with caution and report the scammers. Also, let your pension scheme administrators know if you are being constantly contacted by a fake pension scheme provider.
Thank You!
Prepared & Reviewed By:
Lakshay Mohanpuriya, Manager, Money 2.0 Conference https://www.money2conf.com/