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Financial advisers have to be particularly vigilant that their clients are not the targets of scammers as the cost-of-living crisis continues. The call comes from consumer data action service Rightly chief executive officer James Walker.

A warning has been issued over seven pension scam tactics being used to exploit people who are saving for their retirement.

The Financial Conduct Authority has warned savers to beware of scammers as thousands withdraw pension savings to cover the rising cost of living. FCA raised the alarm as it launched the latest ScamSmart campaign today (6 October) aimed at giving consumers the tools to avoid pension scams.

A quarter of Britons would consider accessing their pension pot cash earlier than planned amid the cost-of-living crisis, but pensions scams are on the rise, the FCA has warned.