Pension Liberation Fraud - WARNING
There is currently a huge increase in the amount of companies willing to 'unlock' your pension scheme for you, and promising to pay the money to you earlier than it was originally intended.
All they ask you to do is transfer the your pension fund to them and they will do the rest, they may even promise you a bonus for doing so.
Sound to good to be true? Well it most likely is!
The Financial Services Authority (FSA) has teamed up with The Pensions Regulator and HM Revenue & Customs to warn consumers against early release pension schemes.
An increasing number of people are being approached by firms offering to release, unlock or transfer cash tax free from their pension before they retire, for immediate use. Contact is usually made through cold calling, via websites or through small advertisements in newspapers.
You need to be very cautious about these schemes as there is a significant chance that these are scams trying to con you out of your money!
Some of the things that liberation schemes don't tell you:
If you want to discuss Pensions Liberation, you can also contact the Pensions Unit and we will be happy to discuss with you.