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Beware the scammers! UK government announces ban on pensions cold calling.

23/2/2017

 
As the British government prepares to ban pensions cold calling, GBPensions takes a look at the grievous problem of financial scams, and how members of the public can protect themselves against the investment fraudsters.
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The team at GBPensions regularly hear from clients who have been telephoned out of the blue by overseas companies extolling the benefits of a pension transfer. It would appear that, more often than not, these clients have been found via social media of one sort or another. On one occasion, our client attempted to find out which financial advice firm was contacting her, only to be told, "I'm just a phone rep. I don't know who I'm making these calls for."
 
We agree with our clients; this is a highly unprofessional and unethical way in which to conduct business.

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A Disclosure Statement for GBPensions' Authorised Financial Advisers is available without charge or obligation.
A UK pension transfer to a SIPP or NZ QROPS may not be relevant or appropriate in all instances. The decision whether to transfer or not is complex. It is important to consider the benefits, risks and disadvantages before determining if a UK pension transfer is suitable. GBPensions recommends that all clients seek independent financial and tax advice, personalised to their individual circumstances.

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