EastEnders shines a spotlight on pension scams

A recent episode of EastEnders has shown how easy it is to fall victim to a pension scam. Jean Slater was lured with promises of a ‘better return’ on her pension after taking part in a free pensions review, but she soon discovered that the ‘financial advisers’ she had trusted had stolen everything. 

Sadly, Jean’s story is a reality for many. The Pensions Regulator recently launched a video with critical care nurse, Pauline Padden, who lost £45,000. Pauline, 60, was targeted at a vulnerable time in her life and has bravely shared her story to help warn others. 

You can watch Pauline’s story by visiting this link: https://www.youtube.com/watch?v=5gAHiUxo__4&t=4s 

A scammer stole Pauline’s pension. Don’t let it happen to you. Stay vigilant and know the warning signs of a scam: 

• Out of the blue contact: if you’re approached unexpectedly about your pension, it could be a scam. 
• Pressure to act quickly: scammers will make you feel like you need to make a decision fast, encouraging you to make snap decisions. 
• Unregulated advisers: always check that the person or company you are speaking to is registered with the Financial Conduct Authority (FCA)

And remember – if it sounds too good to be true, it probably is! 

You can learn how to protect yourself from pension scams by visiting the FCA’s ScamSmart website. If you think you have been scammed or are being targeted by a pension scam, you should contact Action Fraud on 0300 123 2040.