The Pensions Regulator (TPR) has launched a series of anti-scam tools to aid savers in spotting scams before they fall victim to them.
The tools form part of the watchdog's ongoing Scorpion campaign and Project Bloom - a multi-agency taskforce designed to combat scams, which is led by TPR.
TPR has released videos for savers and trustees, an online scam-spotting tool and a five step-guide, which all aim to raise awareness of techniques commonly used by scammers.
The regulator advises savers to ignore unsolicited calls, texts or emails about their pensions, as well as be wary of ‘guaranteed returns' that potential investments offer.
The resources also include a checklist for trustees to enable them to identify potential scams, and advises them to take note where promotional materials include words such as ‘loan', ‘bonus' or ‘free pension reviews'.
TPR chief executive Lesley Titcomb said savers need to be able to identify scams themselves.
"Scammers are criminals and we're clamping down on their activities," she said. "It's important that people help themselves by understanding the dangers of scams and the scorpion campaign provides the tools to do this."
The government recently closed a consultation on plans to combat scams and is expected to publish its response this spring. The proposals include banning cold-calling and limiting the right to transfer.
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