Warning over pension 'predators'

Michelle McGagh
Warning over online pension 'predators'
Warning over online pension 'predators'

Much has been made about allowing retirees to get hold of their pension cash but some unscrupulous individuals are trying to get their hands on your cash before you do.

Under the government's clamp down on pension liberation – where scammers encourage savers to strip the cash out of their pension early in exchange for a hefty fee leaving them with a large tax bill or in some cases stealing the money – a total of 18 websites have been suspended and seven arrests made.