Pink Piggy Bank On Top Of A Pile Of One Dollar Bills

More Than 1 in 8 Seniors Targeted by Pension Scams in UK

New research by Fidelity has revealed that 13 percent of seniors in the UK have been targeted by scammers looking to steal pension benefits. From AOL Money: [The scammers] promise their victims that they can free up money tied up in their pension before they hit the age of 55 – and get their hands on their 25% lump sum or more. Those who are ...
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Missouri Law Bans Pension Advances, Helps Retirees Recoup Losses

Pension360 covered last week the rising business of pension advances—businesses that apply the concept of a payday advance to retirement benefits by giving retirees an option to receive their pension as a lump sum. But Missouri recently passed a bill that outlaws the practice and gives retirees a chance to take legal action against the business that ...
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