03457 65 65 65 / 0131 556 9090 info@plumbingpensions.co.uk Mon – Thu 9 am – 5 pm & Fri 9 am – 4:30 pm Search: Employer login Pension Scams You are here: HomeMembersPension Scams Unfortunately we are hearing reports of people being encouraged or scammed into taking their money out of their pension pots. Taking this action without fully understanding the consequences is a significant risk. Follow these 4 simple steps to protect your pension savings: Say no to unexpected pension offers – Cold calling is illegal and you should be wary. An offer of a free pension review from a firm you’ve not used before is probably a scam. Check who you’re dealing with – Make sure anyone offering you advice is authorised to give pensions advice by calling the FCA Consumer helpline on 0800 111 6768. If you don’t use an FCA-authorised firm, you won’t have access to compensation schemes. Don’t be rushed or pressured – Take your time and make all the checks you need, even if this means turning down an ‘amazing deal’. Get impartial information or advice – You should seriously consider taking independent financial advice before changing your retirement benefits. In some cases, you may be required to do so. For further information, see the Scams Prevention Guide from the Pensions Regulator and Financial Conduct Authority. If you would like to find a regulated financial adviser click here for further information. If someone contacts you with a tempting offer on how to access your pension savings before age 55 or avoid paying tax, be very careful. Watch this video produced by The Pensions Regulator or follow this link to the Pensions Regulator’s infographic to find out more information about what to look out for. Please note this website and its contents are not associated with, or endorsed by, The Pensions Regulator. The embedded video and the “Don’t let a scammer enjoy your retirement” graphic used above and on the homepage are owned by and used with permission from The Pensions Regulator. The use of them on this website is to raise awareness and allow ease of access to the valuable information on pension scams that The Pensions Regulator publishes. Plumbing Pensions Welcome to the Plumbing Industry Pension Scheme website. The mission of the Scheme is to provide cost-effective, efficient and secure pension arrangements for the plumbing, mechanical and allied services industry today and into the future. Privacy & Cookie Policy Terms & Conditions Media Enquiries Contact Us Phone: 03457 65 65 65 / 0131 556 90 90 Address: Bellevue House, 22 Hopetoun Street, Edinburgh, EH7 4GH We are open: Mon to Thur: 9 am - 5 pm Fri: 9 am - 4:30 pm Find us on: Linkedin page opens in new window News Member update 3rd December 2021 Governance Review 28th October 2021 Pension payments 28th September 2021 © Plumbing Pensions (UK) Ltd. All rights reserved.