A warning has been issued over seven pension scam tactics being used to exploit people who are saving for their retirement.
Savers can take money out of their pensions from the age of 55, and criminals are trying to get them to hand over some of their hard-earned money. Some of this cash is simply stolen, while some is put into expensive or high-risk investments.
UK watchdog the Financial Conduct Authority (FCA) says a quarter of consumers would withdraw pension savings to cover the cost of living. And the data backs that up, reports The Mirror.
