Protect yourself against pension fraud
15 March 2019
How to avoid succumbing to the scammers trying to talk people into putting their funds into non-existent investment schemes.
5 min read
One of the ways that fraudsters target people is through Authorised Push Payment (APP) scams where the victim is duped into transferring money to an account they are made to think is genuine, but is actually controlled by a fraudster.
The risk of this happening to you increases when you make a payment to a new beneficiary for the first time, or if an existing beneficiary tells you they have changed their account details.
It can be very difficult to recover the funds if this happens, as fraudsters try to withdraw the money as soon as it arrives in their account. However, you can protect yourself by being vigilant and familiarising yourself with some common scams and our guidance on what to look out for.
If you have any concerns, or if any of the below advice relates to a payment you are about to make, contact us immediately on one of the numbers below.