Pension drawdown glossary
The FCA's campaign and online tools to help people spot and avoid investment and pension scams, including a Warning List of firms to avoid. Unexpected contact about your pension, pressure to act quickly or promises of high returns are warning signs.
Source: FCA ScamSmart · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.