Scammers target steelworkers

Rogue pension advisers could be targeting steelworkers at Tata UK’s plant in Port Talbot, says David Prosser. Make sure you don't get caught out too.

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Check your pocket and beware of friendly advice
(Image credit: 2016 Getty Images)

The Financial Conduct Authority (FCA) is looking into claims that rogue pension advisers are aggressively targeting steelworkers at Tata UK's plant in Port Talbot. Unscrupulous advisers may be targeting as many as 130,000 people, after widespread publicity about a deal to restructure their £15bn pension fund.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.