Pension scams, where people may be tricked into handing over their pension pots by scammers, are on the increase. Many of the offers seem very convincing, starting with offers of excellent returns.
If you have a pension and you are approached to transfer your pension away from the LGPS, your pension could be at risk. The company approaching you could also be acting illegally.
As part of an ongoing scorpion campaign, The Pensions Regulator has produced a pension scams infographic and video to help alert members to the risks.
If you want to know more about Pension Liberation Fraud, visit the Pensions Regulators website.