Rise of pension scams leads to call for action

New research from the Pensions and Lifetime Savings Association (PLSA) has revealed that the majority of UK adults want stricter rules put in place to ensure their pension pots are safe.

The PLSA found that while 88 per cent of people surveyed felt the checks pension providers undertake to protect consumers from scams are good, four-fifths agreed there should be stricter rules and checks to ensure that pension pots are secured.

Scarily, one part of the survey asked people to identify potential pension scams from a selection of scenarios and found that 29 per cent missed the most obvious pension scams.

In today’s complicated marketplace, professional and impartial advice is paramount when it comes to finding the best solutions to meet your financial needs and avoid becoming a victim of a scam.

MT Financial Management is a firm of Chartered Financial Planners that provides independent and unbiased financial planning, investment portfolio management, pension review and trust review services to the clients of Moore Thompson Chartered Accountants and selected professional introducers.

We offer an initial meeting at our cost and with no obligation so that you can decide whether you wish to use our services before incurring any costs.

We will agree a fixed fee to provide a review of your ‘ current financial situation so that our experienced and independent financial advisors can determine whether your financial arrangements are appropriate, and recommend areas that need improvement. Of course, our proposals will be comprehensively explained, so that you can make informed decisions about any suggested changes.

All of our advisors are qualified to Chartered Financial Planner status, providing their high levels of technical knowledge and experience on a fixed cost basis.

As our fees are agreed in advance, we are not tied to promoting particular solutions and can focus on providing the best professional advice.

To find out more about our services, please contact Trevor Wilshire on 01775 717220 or visit www.mtfinman.co.uk