Top 5 pensions scams to protect your employees from

Scammers are always coming up with new ways to try to trick your employees out of their hard-earned pensions. The BBC reported that as many as 245 members of the public have lost an average of £55,000 each after falling victim to a series of recent scams, so here’s some of the craziest ways employees can lose it all from one misguided decision.

1) Wine

Who wouldn’t want to invest in wine? For budding connoisseurs, the idea of making money from their favourite tipple can be tempting. However, wine investments are not regulated by the Financial Services Compensation Scheme, and if something goes wrong your employee is unlikely to get their money back.

2) Diamonds