How to be ScamSmart

For those people who are concerned if they are being scammed by someone who wants to invest their pension savings elsewhere, Circle Financial Services Louise Claro says they should check with the Financial Conduct Authority and its ScamSmart website.

She says: "It asks you a series of very simple questions and what it will do at the end is tell you whether that company that you are engaging with is either on the hit list of the naughty step, as I call it, or not.

"It doesn't mean that you've got a get out of jail free card and should carry on, it is just that first step process of checking...what I would recommend, if the company isn't on the FCA register, you should just not deal with them."