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Pension scams on the rise

In Brief: Pension scams on the rise

Thursday, 24 October 2024

Protect your savings! 7.3 million UK adults encountered an attempted scam in the past year

Around 7.3 million UK adults, or one in seven, encountered an attempted pension scam in the past year. Alarmingly, 14% were targeted through unsolicited calls, texts or emails, according to recent research, illustrating the aggressive tactics employed by scammers. This concerning trend has prompted a closer examination of the vulnerabilities within the pension system, especially as scammers become increasingly sophisticated in their approaches.

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