Pension cold-calling is now illegal.

The ban came into​ force in January 2019, and means unsolicited phone calls, texts and emails are against the law.

Fraudsters use cold calling to try and steal your life savings or ​tempt you to invest in a high-risk scheme which is totally unsuitable for your pension.

If you take cash early you face a hefty tax penalty. If you transfer it overseas, it ​could vanish forever.

A scam usually starts with an unexpected call, text, email or social media message.  Other warning signs are:

• Promises ​of a tax-free lump sum worth more than 25 per cent of your pension’s value

• Early access to your pension before the age of 55

• Pressure for a quick decision

• Get-rich-quick investments 'guaranteeing' a high return

• No company contact details - ​just a mobile phone number or PO Box address