Why should you report?
Pension scams ruin lives. On average, victims lose £75,000! With some losses in the millions. For some, it’s their whole life savings and once the money’s gone, it’s often gone for good. Criminals’ tactics are constantly evolving and the nature of them means they can be hard to spot. So, it’s difficult to understand the true scale of threat.
What should you report?
It is illegal to cold call consumers to talk about pension products, if you have received an unsolicited call, you should report this to Action Fraud straight away (details below).
Report any information you think could be relevant including the name and contact information of those involved as well as related materials such as websites and brochures.
When should you report?
You should report if you believe a scam has already happened or if you suspect that a pension scam could be taking place or are suspicious of those involved.
Who should you report to?
In England, Northern Ireland and Wales you should report fraud, cyber-crime or concerns about a potential scam to Action Fraud via www.actionfraud.police.uk/reporting-fraud-and-cyber-crime or on 0300 123 2040.