Avoid the SCAMS #COVID19 #coronavirus

Scammers are attempting to capture your personal detail to commit fraudulent activity. HMRC are warning about text messages that look similar to the stay at home message from GOV.UK that falsely indicate a tax refund.

Helping protect your members from scams

The Pension Regulator (TPR) are concerned that during this difficult period, many may be being enticed by scammers to move their hard earned pension savings.

Savers might increasingly look to transfer their pension, prompted by the instability of their employer or the financial markets. 

This means they could be increasingly targeted by scammers attempting to lure them to ‘safe havens’. If a saver asks about transferring their pension, urge them to exercise extreme caution and visit ScamSmart which has specific guidance relating to COVID-19.

Signpost members to the Money and Pensions Service – particularly those approaching retirement and whose pension may have been affected by the current economic conditions.

PAYadvice.UK 26/3/2020

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