Warning over pensions scam

News from the Lincs Free Press and Spalding Guardian, spaldingtoday.co.uk, @LincsFreePress on Twitter
News from the Lincs Free Press and Spalding Guardian, spaldingtoday.co.uk, @LincsFreePress on Twitter
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Lincolnshire Trading Standards is warning people about rogue companies offering to reinvest frozen pensions.

Lincolnshire Trading Standards has received a complaintfrom a resident who received a telephone call regarding a frozen pension scheme.

A representative from the company visited her and after listening to the salesperson , gave her permission for him to transfer her pension and for them to reinvest it.

Having heard no more from the company, the victim tried to contact them using the telephone number provided but there is no answer and she now believes she has lost her money.

Angela Kane, senior trading standards officer, says: “We have not received any further reports but want to remind people to never give out financial or personal information to a cold caller.

“We would encourage people to seek financial advice from an approved third party financial advisor, before making any decisions on pension transfers or investments. ”

For further advice, or to report an incident, contact Trading Standards 01522 782341.