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FCA investigates copycat Pension Wise website

PensionWiser

A fake Pension Wise website that purports to be a subsidiary of auto-enrolment provider The People’s Pension is being looked into by the Treasury and FCA.

Pensionwiser.com – which uses the Tripadviser owl logo – claims to be a Qrops and Sipp provider but also contains detailed information about the Government’s guidance service Pension Wise on its privacy policy page.

It is against the law to impersonate Pension Wise.

In addition, the site says it is owned by B&CE, the firm behind The People’s Pension and one of the biggest pension providers in the country.

But B&CE says it has no connection to the site.

Director of policy and market engagement Darren Philp says: “It has just been brought to our attention that a website called Pensionwiser.com is purporting to be owned and operated by B&CE.

“This site has nothing to do with B&CE. We are investigating this as a priority and will be taking the appropriate action.”

A Treasury spokesman says: “It’s illegal for a company to deliberately present themselves in a way that could confuse people into thinking they are getting independent Pension Wise guidance.

“We want to ensure consumers are not misled and that Pension Wise is a reliable and trusted brand. The FCA is already aware of this website.”

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