How to spot potential pension and investment scams

In recent years, pension and investment scams have become increasingly sophisticated, with many fraudsters using increasingly sophisticated techniques and technology to trick people into risky, unregulated investments.  

Scammers often appear professional and convincing, using official-looking websites, impressive credentials and even fake regulatory documents.  

As scammers constantly innovate, including the use of AI, it is essential to stay alert.  

Recognising the warning signs could save you from financial loss and years of stress. 

Common signs of a scam 

There are some common signs of scams, so be cautious if you come across: 

• Phrases such as pension liberation, loan, loophole, savings advance, or one-off investment 

• Promises of unusually high returns on your pension or investments – if it is too good to be true it often is 

• Offers to release cash from your pension before the age of 55 

• High-risk, unregulated investments, often based overseas with no consumer protections 

• Complicated or secretive investment structures that are difficult to understand 

These tactics are often designed to pressure you into acting quickly or to make the opportunity seem too good to miss. 

How to protect yourself 

A few practical steps can help reduce your risk: 

• Install a call blocker to avoid unwanted calls and mark emails as spam 

• Be cautious if contacted unexpectedly, even if the name or organisation seems familiar 

• Take your time and don’t feel pressured into making a decision on the spot 

• Report suspected scams to Citizens Advice, Trading Standards and Action Fraud on 0300 123 2040 

Verifying legitimate communications 

Scammers often disguise themselves as legitimate financial advisers or companies and are increasingly using technology to spoof calls and emails to you.  

Always check the details of anyone contacting you on the FCA register, if they aren’t on there then they are unlikely to legitimate advisers.  

If you are unsure, speak to an impartial expert, such as your accountant or financial adviser, before making any commitments. 

How can we help

If you are worried about a potential scam or want advice on keeping your investments secure, our team can help you review your situation and provide peace of mind. Get in touch with our experts, Nicholas Clark (nicholasclark@lubbockfine.co.uk) or Andrew Tricker (andrewtricker@lubbockfine.co.uk) to discuss your concerns or arrange a confidential consultation. 

*This blog post has been written by Lubbock Fine Wealth Management (LFWM). The opinions and views expressed are those of LFWM and do not necessarily reflect 
those of Lubbock Fine. All information provided in this blog is for informational purposes only and should not be considered professional advice. LFWM is not 
responsible for any actions taken based on the content of this blog.