What is pension liberation fraud?
Pension liberation fraud is where someone tries to deceive you by convincing you to access money in your pension pot before retirement, normally before you're 55 (57 from 6 April 2028, unless you have protected pension age).
Pension scammers are out there – it's just not always easy to spot them. They appear friendly, professional and knowledgeable and they have a way of making people trust what they've got to say.
If you're contacted about withdrawing money from your pensions fund early through an email, letter or cold call and you think something isn't right, please give us a call or chat to your financial adviser. It's important you do this before making any decisions, especially to a company you’re not familiar with.
If you've already become a victim of a pension scam then you could face large tax charges which scammers won't have told you about.
What do these scammer do?
Scammers will regularly move your money in to high-risk investments, often based overseas and there's no guarantee that you'll see your hard earned savings again if anything goes wrong.
What should I do next?
More information
Contact us
Need more help?
If you can’t find what you’re looking for, or need more help, there are a number of ways you can get in touch.
