The FCA has issued a warning over an unauthorised pensions firm.

The regulator highlighted The Pension Assessment Agency Ltd on its website as a company that is providing financial services or products in the UK without its authorisation.

There FCA warned consumers to be “especially wary of dealing with this unauthorised firm” and urged protection against “scammers.”

A statement added: “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

“However, some firms act without our authorisation and some knowingly run investment scams. 

“This firm is not authorised by us and is targeting people in the UK.

“Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

The firm’s full details are:

The Pension Assessment Agency Ltd
Address: Eurotech House, Burrington Way, Plymouth PL5 3LZ; Moody Hall Annex, Moody Street, Congleton CW12 4AN
Telephone: 01260 546 882, 01752 549 530
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.tpaa.org.uk

When Financial Planning today visited the website today a page advertising flights to Angola appeared.

The FCA added: “We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are.

“It has information on firms and individuals that are, or have been, regulated by us.

“If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

“If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

“There are more steps you should take to avoid scams and unauthorised firms.

“You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.”