On the 9th of January 2019 the UK Government introduced legislation to making it illegal for companies to ‘cold call’ individuals with regard to moving their pension in order to ‘gain’ additional benefits.
Pension scammers stole on average £91,000 per victim last year, according to the Financial Conduct Authority (FCA).
Pensions remain a juicy target for fraudsters and some will inevitably look to circumvent the ban or simply ignore it altogether.
While some companies acted in good faith many were only interested in parting their clients from their money!
Does this sound familiar to you? Were you advised that by transferring your pension you could increase its value but in actual fact it is now losing money?
It may not be too late to recover your hard earned money! Call CompiClaims today on 01942 619911 and talk to one of our qualified advisers who will be able to advise you about your options.
*The ban does not apply if the caller is authorised by the FCA, or is the trustee or manager of an occupational or personal pension scheme.
If the recipient of the call consents to calls or has an existing relationship with the caller, the ban also does not apply.