It appears that fraudsters are using tactics to aggressivly dupe savers following new freedoms, which allow over 55s to spend their retirement pots as they wish.
According to reports; “Scammers will often contact victims out of the blue offering them early access to their cash, or promises of get rich-quick schemes, but the reality is they are nothing more than elaborate hoaxes designed to spirit away people’s hard earned money” said the statement from a multi-agency task force.
However, the pensions minister, Baroness Ros Altmann, has said she was “not convinced” that the pensions freedoms have led to a rise in fraud.
“People are a lot more aware of it, and are starting to report it. It can take a long time for people to realise they’ve lost their money,” she told BBC Radio Five Live.
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