PENSION SCAMS

Motion Text

That this House recognises the imminent change in the way personal pensions can be utilised; is concerned that tens of thousands of people, who qualify for more flexible arrangements from April 2015, have been targeted by those operating financial scams which seek to convince people to invest substantial pension savings in worthless schemes offering impossibly high returns; and calls on the Government to do more to alert all potential victims to the actions of the fraudsters.