The financial news this week is centred around the potential risk of savers being conned out of their retirement – get the latest and find out what we think with our news roundup!
International Investment: Over 5 million savers at risk from pension scams across the UK
It seems every week there’s a story about the risk of a pensions scam. These risks are real, criminals are targeting the vulnerable (and if we’re not careful that could include all of us) and what is likely to be their largest single asset. Our advice is to be careful. Do some due diligence and never be afraid to ask for a second opinion.
Chief Investment Officer: UK’s FCA Proposes Ban on Contingent Pension Transfer Fees
The FCA considering the banning of contingent charging for Pension Transfers could be a step in the right direction but might not be as simple as it seems.
Hidden pension fund fees ‘could wipe out savings’, MPs warn
It’s great that there is a growing awareness of what the impact of costs on pensions, savings and investments.