FCA in 'free pension review' alert

%VIRTUAL-SkimlinksPromo%People being targeted by cold callers who are falsely claiming to offer new, free Government-backed retirement guidance could end up putting their money into risky investments and losing their pension savings, the City regulator has warned.

The Financial Conduct Authority (FCA) is alerting consumers to beware of phone calls, emails, text messages and online adverts offering them a "free pension review" and being encouraged to move their pension to "get better returns".