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Anyone who thinks they have been scammed should contact Action Fraud and their pension provider.The economic secretary to the Treasury, Stephen Barclay, said: “It’s utterly unacceptable that people who have worked all their lives to build up a pension pot should be subject to scams which may leave them out of Catherine (Sheffield, UK) I am a widow and after just over two years my friends told me to try internet dating.As I was in my 40's I thought I would join a site for over 40-plus dating which you pay a subscription for and I thought would be safe.The Government is also tackling scammers by ensuring that only active companies, which produce regular, up-to-date accounts, can register pension schemes.Limiting transfers of pension pots from one occupational scheme to another will mean trustees must check their receiving scheme is regulated by the Financial Conduct Authority (FCA), has an active employment link with the individual, or is an authorised master trust.

“By tackling these scammers, people should know that cold calling, apart from exceptional circumstances, is banned.” In July 2015, the Government set up a task force to monitor trends, share intelligence on emerging threats, and help coordinate action to tackle scams.

It is estimated that £43m has been unlawfully obtained since April 2014.

The minister for pensions and financial inclusion, Guy Opperman, said: “Today’s figures highlight the extent to which people’s savings are being targeted and stolen through elaborate hoaxes – leaving them with little opportunity to build up their savings again.

A crackdown on pension scams has been outlined by the Government, as figures show fraudsters tricked savers out of nearly £5m collectively in the first five months of 2017.

Actions include a ban on all cold calling in relation to pensions, including emails and texts; a tightening of rules to stop scammers opening fraudulent pension schemes; and tougher action to halt the transfer of money from occupational pension schemes into fraudulent accounts.

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