Pension holders are being urged to “scam-proof their savings”, as part of a campaign by the Pensions Regulator, ahead of imminent changes to the law.
Under-55s have been the primary target of fraudsters offering to release pensions as loans or upfront cash.
With new flexibilities set for next month to give over-55s more freedom on how they access their retirement pots, the regulator has moved to alert younger savers and scheme trustees to the risks of pensions swindles.
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The Revenue is to hold two conferences to bring employers up to date with the scheme reconciliation service and the proposed online guaranteed minimum pension self-serve facility, which will allow schemes to request calculations on an individual basis or to make bulk requests.
The tax department said it would welcome suggestions for other topics of interest.
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