Stuart Price, Partner and actuary, comments on the government measures put in place to help combat pension scams…
Stuart says: “Pension scams are generally unregulated investments offering ‘guaranteed returns’. These include exotic sounding investments like hotels, vineyards or other overseas ventures. As well as losing their pension savings, individuals could also get a huge tax bill. In March this year alone a record £8 million of pension savings were lost, and now the government finally looks set to do something about it.
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