Ahoy me hearties. This be International Talk Like a Pirate Day. Knew ye that such a thing abounded?
That’s quite enough of that. But seriously, we thought it might be a good moment to remind you how to avoid those real life pirates who would steal all yer treasure (that will be your pension fund) and leave you adrift on the good ship poverty.
Fortunately, the Pensions Regulator has done the hard work for us, identifying the most common tactics used by pension scammers to trick savers out of their savings (no skull and crossbones here):
Reputable companies don’t approach you unsolicited. Alarm bells should ring whenever a third party gets in touch about your finances. Call the Pensions Advisory Service (TPAS) on 0300 123 1047 before signing anything.
It’s not just your pension fund that can attract pirates. There are plenty of crooked investments out there as well. If you’re investing in something outside the mainstream, do your homework. Don’t be seduced by the promise of high returns or bamboozled into making quick decisions. Look at what others say about a company and check Scamwatch. You should check a firm is registered with the FCA before doing business with them.
There be plenty a scurvy knave out for your gold. Be wise and don’t let the pirates win.