Everyone who retires with a pension pot will be able to choose whether to take it as a lump sum, to place it into drawdown or to use the proceeds more gradually.
These changes mean people have more choices about what to do with their pensions, which is good, but also that fraudsters may take the opportunity to target pensioners with new scams.
Anyone thinking about retirement needs to be careful, and to take time to talk with friends, family or Pension Wise before committing to anything. They should also consider our advice on how to spot a scam.
Don’t let scammers take advantage of vulnerable people!
(Please note: Views and opinions expressed by third parties, as guest posts or links, are not the views and opinions held by Citizens Advice, or the Bureaux involved in producing Campaigning Cumbria. This blog is intended as an information resource to show the type of evidence we are looking for, and the sort of changes to social policy and welfare that might impact those living in Cumbria, and to allow local people and policymakers have their say. It is not intended to provide advice, guidance or information.)