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How to avoid fake pension company

You're usually protected by the Pension Protection Fund if your employer goes bust and cannot pay your pension. The Pension Protection Fund usually pays: 100% compensation if you've reached the scheme's pension age. 90% compensation if you're below the scheme's pension age.
 
There are so many jobless people in the country that are jobless that all think of is how to scam people of their hard earned money.
There are many fraud company outside claiming what they are not, for example their are some con artist pretending they have a company and luring people to save their hard earn money with them and later run away with people's Money. Or some bad companies that use your money for their personal use their by delaying your own payment.
How can someone avoid all this fraudulent company's ?

Most legit pension fund companies are registered under the government. So, it is difficult for them to scam you of your pension funds. I think that when it comes to pension, it is the head of department that always do his or her best to link the staff up with those legit pension fund companies and give them the chance to choose the one that they like.
 
The only way to avoid fake pension company when applying for pension is to make good research and know whether the company really exist or not. however you can know whether the company is existing or not when you check on their profiles and ask other workers who have pensioned whether they are making use of such company.
 
there are manyy steps but some are discussed in below
To avoid being caught out by a pensions scam, make sure you follow these simple rules: Reject any unsolicited calls, emails, text messages or visitors to your door. Legitimate companies will not cold call or contact you out of the blue. Check the FCA register of regulated companies, or the FCA warning list
 
A pension scam – when someone tries to con you out of your pension money – will often start by someone contacting you unexpectedly about:
an investment or other business opportunity that you’ve not spoken to them about before
taking your pension money before you’re 55
the ways that you can invest your pension money
If someone contacts you unexpectedly and says they can help you access your pot before the age of 55 it’s likely to be a scam.
 
In my country it's only government workers that receives pension, so if you were giving fake pension, have it in your mind that government is responsible for that. Some time ago our governor paid pensioners with bouncing checks yes a governor did it, he gave pensioners fake checks , you see what am saying, that is what we are facing in my country.
 
Online fraud in the workplace is what happens when you or your employees are targeted by criminals who use the internet or email to commit a crime. Just as quickly as your security might be improving, criminals may find new ways to get around it. People do make mistakes, too. So all organisations – of every size – are vulnerable to online attacks.

Online fraud isn't a victimless crime. Financial losses, damage to reputation and compromised information are just some of the potential effects of online fraud. But it's not only businesses that pay the price of an attack. Often, it is their consumers and employees who feel the impact most. Three online scams are often reported by consumers:
 
Sure there are a lot of companies that scam people so much and end up running with people's money.
The best thing to do is to research about the company before registering with them.
Again there are those companies that needs you to pay large amount of money for registration which is also not legit.
To avoid loosing our money in scam companies ,we should do proper research and get the company reviews.
There are so many jobless people in the country that are jobless that all think of is how to scam people of their hard earned money.
There are many fraud company outside claiming what they are not, for example their are some con artist pretending they have a company and luring people to save their hard earn money with them and later run away with people's Money. Or some bad companies that use your money for their personal use their by delaying your own payment.
How can someone avoid all this fraudulent company's ?
 
There are so many jobless people in the country that are jobless that all think of is how to scam people of their hard earned money.
There are many fraud company outside claiming what they are not, for example their are some con artist pretending they have a company and luring people to save their hard earn money with them and later run away with people's Money. Or some bad companies that use your money for their personal use their by delaying your own payment.
How can someone avoid all this fraudulent company's ?
By making a report to the authority on how's the company work to scam people by doing a report it will alarm the company thus in further investigation if there's an evidence of it then it must face the punishment form the law and to the employee that has been scam.
 
It's true that now many scammers are just looking into any sector to scam people of their hard earned money. But fortunately my country this type of scam companies are very rear and even as at now all the companies that are into pension fund regulation are much popular and every worker uses the popular ones.
 
If someone cold calls you about your pension, it's probably an attempt to steal your savings. One in eight of the age group says they would trust someone who offered them a "free pension review”. ... "... Our message is clear: hang up and report it." The FCA and TPR recommend four measures to protect yourself."
 
This is really an ugly experience and incidence that we need to undue in our nation. It is wrong absolutely wrong to rob pensioners their hard earned money through dubious means. One thing they need to do is to keep their money with government pension administration fund.
 
Defined contribution pensions are usually run by pension providers, not employers. You will not lose your pension pot if your employer goes bust
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Defined contribution pensions are usually run by pension providers, not employers. You will not lose your pension pot if your employer goes bust
 
Yes there are a lot of scam companies here in Pakistan, my country too. They trap you once and asked you to pay specific amount and if you do then they will ask you for two three referrals and then they give you pay.
You should not do any kind of job like this. First you research a lot, know reviews about that company, by this you will be avoided.
Not only in Pakistan we have them all over the continent, we have so many scammers in disguise as a business or one legit agent or so, ensure you verify the authenticity of any business before you go into it y check review online, ask questions
 
It's so disheartening how pension companies are companies are defrauding people of their hard earned money.I think the government need to looking this because it's becoming rampant people don't even know which pension company is geniune
There are so many jobless people in the country that are jobless that all think of is how to scam people of their hard earned money.
There are many fraud company outside claiming what they are not, for example their are some con artist pretending they have a company and luring people to save their hard earn money with them and later run away with people's Money. Or some bad companies that use your money for their personal use their by delaying your own payment.
How can someone avoid all this fraudulent company's ?
 
I do not suggest any one should registered pension fund with any company that is not well recognised by the government. before registering a pension fund with a pension company you should first of all make enquiries if that company is recognised by the government before going into any registration with them
 
Inorder to avoid getting scammed of your pension fund, you need to avoid greed first of all, avoid any program that promises you a very high return on your investment. Then also do a very thorough background check on the company or manager you are planning on investing your pension fund with.
 
The most important thing is that one should be patient when picking. That way you are not desperate to pick up a job just because it s out. Man should look to look for company that is trusted with reputation and good.
 
Benefits tricks are on the increment in the Nigeria. Consistently fraudsters are utilizing complex approaches to part savers from their cash and the web and advances in computerized interchanges mean these sorts of tricks are getting more normal and harder to distinguish. A lifetime's reserve funds can be lost in minutes.
So be careful with true looking sites urging you to fill in your subtleties. This is a stunt tricksters use to get around the benefits cold pitching boycott. In case you don't know check the FCA register or our Retirement Advisor Directory.
 
It would be highly unwise to engage any company for any reasons without doing the due diligence of thorough investigation. For sensitive issues such as a pension scheme, it would be better to deal with reputable financial institutions than just pick one without reputation and proven credentials.
 

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