I'm concerned about financial scams, especially pension fraud. What are some common warning signs of a pension scam? If I suspect a scam, how can I report it to the FCA? Additionally, what is the main reason the FCA maintains its Warning List of unauthorised firms?
Navigate to the 'Consumers' section of the FCA website. From the 'Consumers' section, navigate to the 'Pension scams' page. Identify and list common warning signs of a pension scam. Navigate to the 'Report a scam' page. Identify and list the methods for reporting a scam to the FCA. Navigate to the 'FCA Warning List of unauthorised firms' page. Identify and state the primary purpose of the FCA Warning List.
State at least two common warning signs of a pension scam (e.g., guaranteed better returns, high-pressure sales tactics, unusual investments, complicated structures, multiple fees). State that scams can be reported via phone and/or a contact form, providing relevant contact details (e.g., phone numbers, mention of a contact form). State that the primary purpose of the FCA Warning List is to find details of unauthorised firms and individuals not allowed to operate in the UK.