Pension scams

Pension and investments fraud

How do the scams work?

Pension and investment scams

Pension and investment scams are often difficult to spot as they're designed to look genuine.

  • People who operate investment scams use sophisticated techniques to build trust and convince even the most experienced investors out of their savings. 
  • We are aware that people are being contacted unexpectedly for a ‘free pension review’. It could be a phone call, an email, text message or an offer in an online advert.
  • While these offers appear to be legitimate, most of the firms and individuals involved in these offers are not authorised or regulated by the Financial Conduct Authority.
Scamsmart

Don't let a scammer enjoy your retirement!

  • The Pension Regulator (TPR) has launched a new campaign so everyone can understand how to protect themselves from scammers.
  • Learn how to spot the signs and check who you're dealing with on the ScamSmart website to give yourself the biggest protection against fraudsters. 

4 simple steps from the FCA to protect yourself from scammers

Step 1

Reject unexpected offers

Step 2

Check who you're dealing with

Step 3

Don't be rushed or pressured

Step 4

Get impartial information or advice

Cyber aware

How to avoid becoming a victim of financial crime

While financial crimes comes in many different forms, it's important to protect yourself as best you can.

  • To make sure you don't get caught out, you need to be prepared to spot the signs of fraud and cyber-crime to keep you and your money safe.
  • Being a victim of a cyber-attack has many implications, so staying secure online is essential to protecting your personal identity and finances.
Speech bubbles coming out of mobile phone next to a piggy bank, mug and pen

Do you suspect fraud?

If you're worried that you may be suspecting fraud, and you have an LV= policy, contact us on the number below. Or alternatively, you can email us.

Mon to Thu - 8am - 8pm, Fri 8am - 6pm

For Text Phone first dial 18001

Calls will be recorded and/or monitored for training and audit purposes.
If you don't have an LV= policy, you can report your financial crime suspicions to Cheat Line on: 0800 633 5760.