Don’t let a scammer enjoy your employees’ retirement
02 July 2019
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are urging employers to get to know their responsibilities and help protect staff from becoming victims of pension scammers.
The regulators recommend four simple steps that employers can share with their staff to protect them from pension scams:
- Reject unexpected pension offers whether made online, on social media or over the phone
- Check who you’re dealing with before changing your pension arrangements. Check the FCA Register or call 0800 111 6768 to see if the firm or person you’re dealing with is authorised by the FCA
- Don’t be rushed or pressured into making any decision about your pension
- Consider getting impartial information and advice in some cases you may be required to do so
If your staff think they’ve been, or are at risk of becoming, a victim of a pension scam, report it.
A booklet, poster and more information for you to share with your staff can be found on the TPR website.