The Pensions Regulator (TPR) has relaunched their ScamSmart campaign to make pension scheme members more aware of scams during the Covid-19 pandemic. It’s important that you don’t make any hasty decisions which you later come to regret. We advise that you read the steps below before you consider a transfer.
As an LGPS member your defined benefits are safe and unaffected. Your LGPS pension isn’t linked to stock market changes or performance in investment and is set out in law.
See the full pension scams leaflet on the FCA website.
We want to help you get to know the warning signs of a scam and protect your savings, so below are the FCA’s four simple ScamSmart steps:
Find out how 'ScamSmart' you are by taking the FCA and TPR's short quiz.