One in 10 over- 55s fear pension scams

Nearly one in 10 over- 55s fear they have been targeted by scammers since the launch of pension freedoms three years ago, a survey has found. Prudential found 9 percent of people in this age group said they have been approached about their pension funds by people they now believe to be scammers since the rules came into effect from April 2015.

Offers to unlock or transfer funds are tactics commonly used to defraud people of their retirement savings, the company says.