A campaign has been launched to get people to protect their pension savings against scammers.
The call has been made three weeks ahead of changes that will give people more freedom over how they use their pension savings.
The Pensions Regulator fears the freedom will trigger a new rash of attempts by scammers to trick savers and the trustees of pension schemes out of their money.
They say people should act to scam-proof their funds and be wary of cold calls or texts promising to make them money from legal loopholes or free pension reviews.
The regulator is warning that attempts might be made to tempt or pressurise people into putting funds from their pension pot into an investment offering an attractive return on their money.
But it says once the transfer has been completed the victim is not likely to see their money again and they could even be left facing a big tax bill.
Copyright Press Association 2015