Top 5 pensions scams to protect your employees from

“Employers can choose a pension provider that can explain issues simply, but they could also consider providing access to financial advice,” said Long. “This can either be through a formal referral process, or by supplementing the cost of advice. The amount an employer can contribute towards advice without hiking a member’s tax bill has increased to £500 making it more meaningful.

“Businesses themselves can help their staff by providing them with financial education throughout their career. This will allow people to be more financially aware in general, but any sessions designed for those approaching retirement can address being scam aware.”

However, sometimes the simplest advice is the best. “There are two key messages employers can instil in their staff; if something appears too good to be true, it almost certainly is, and if you receive a call out of the blue about your pension, just hang up,” Long concluded.