Natwest issues warning after customers receive phone call and says 'stay calm'

A PENSION SCAM OFTEN INVOLVES A FRAUDSTER TARGETING SOMEONE WHO HAS ACCESS TO THEIR PENSION AND INVOLVES ENCOURAGING THEM TO MOVE THE FUNDS. 06:32, 29 May 2025 NatWest has issued a warning

as scammers pretend to be someone you trust to target your pension. A pension scam often involves a fraudster targeting someone who has access to their pension and involves encouraging them

to move the funds. NatWest, one of the leading banks in the country, warned: "Stay calm: if you get calls offering early access to your pension, don't feel rushed or pressured to

respond. Don't commit: always seek independent financial advice before making decisions. "Stop the call: if you feel pressured or if the caller won't take no for an answer,

end the conversation. Don't be embarrassed to put the phone down. Listen to your doubts: if you think an offer sounds too good to be true, it probably is. READ MORE FOREIGN OFFICE

ISSUES 'IMPORTANT' WARNING FOR UK TOURISTS 'WHO HAVE HEALTH CONDITION' "Do your research: check if the person or company is legitimate by having a look at the

financial services register or calling the Financial Conduct Authority." Article continues below It added: "Unexpected calls: there has been a government ban on cold calls

regarding pensions so you shouldn't receive them unless you have asked them to. "Early access to funds: someone offering a way to access your pension before you retire could be a

scam. Even if it's legitimate, early withdrawal could result in charges. Check with your pension provider using contact details on their website. "Investment opportunities: if

someone calls you out of the blue offering you an investment scheme with attractive returns for your pension pot, then it’s likely to be a scam. Article continues below "Pushy

‘advisors’: where you are pressured into making a quick decision about a ‘new’ scheme or encouraged to transfer your pension quickly." NatWest urges customers to enhance your security

levels. My Security Profile is a handy tool in your mobile app. It has personalised actions for you, that are quick and simple to take, NatWest adds.