But if it seems too good to be true, then it probably is, and individuals should always be vigilant.
Scams, the bank explains, can often hide behind deals which offer great returns if a person transfers their pension or releases cash from it.
However, these can often be high risk or complex and long-term investments.
Aside from simply being a scam, deals such as these may also hide significantly large fees which can eat away at a person’s pension cash.
