Pension scams are materializing with the Government’s new proposal and it has been revealed by pension regulators who exposed that unsuspected victims lost around half a billion pound due to fraudster’s activities. The news prompted the experts to ask pensioners to remain wary of fraudulent offers.
Many unscrupulous firms claim to help you unlock your money early, i.e. before you reach 55, but eat on the information that you have risk of losing up to 70 percent of your savings in the form of taxes. The legal loopholes are used in the process to transfer pension pot into spurious investment that can even engulf your entire earning.
Be informed on pension plans and let your money flourish under the best environment is what experts suggest. For further information, you can go to