Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Scam Reduces Pension Fund Value by 65%


The Pension Regulator issued a warning this week about pushy firms who suggest they can help you access your pension fund before age 55.

The promoters of these schemes often give misleading information about the tax consequences of this action. You could be approached out of the blue by phone or text.

But dont fall for it!!!!

In the example given by the regulator a 48 year old with a fund of £100,000 saw it fall to £35,000 as a result of charges, fraud, and tax penalties.

What you should be doing is making sure that your plan gives you the opportunity to take some or all of you 25% tax free lump sum at 55 without having to buy an annuity (pension) with the balance. If you have a plan than is more than 5 years old the chances are that it is expensive, has a poor fund choice, and is not flexible enough for this ever changing world. Before you think about changing/ consolidating your plans email me and I will give you some further tips.


This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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