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Wesleyan welcomes government plans to tackle pension scammers

Wesleyan welcomes government plans to tackle pension scammers

Specialist financial mutual Wesleyan has welcomed the announcement by the Chancellor of the Exchequer that there will be a consultation on ways to tackle pension scammers.

Scammers target millions of pensioners every year wrongly claiming they will be able to get them extra tax savings or access to their pension pots before the age of 55.

Vicki Wentworth, Chief Customer and Strategy Officer at Wesleyan, said: "Any measures that protect vulnerable people from losing pension funds they have spent a lifetime building are to be welcomed.

"Planning for retirement and securing a pension income are some of the most important personal finance matters we all face, which is why it is vital to talk to a qualified financial adviser from a reputable firm.

"Over the phone it can be difficult to determine a genuine business call from someone seeking to take advantage, which is why we've been long-term advocates of face-to-face financial advice. We look forward to both pensioners and the industry benefitting from these proposals in the future."

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'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

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