Third of Over 75s Investment Scam Targets.
The Financial Conduct Authority has today released figures in an small sample survey that found:
In the last three years, huge numbers of people thought they had been the target of investment scammers:
In addition, the FCA found that whilst people take time to research other projects such as holidays, large item spends on cars or home improvements and building works, taking professional advice where needed,
Overall just 38% did some form of investigation before investing, usually looking at a website, and only 27% sought professional investment advice.
Financial fraudsters are getting more sophisticated by the day. A website may look good, but that does not mean it is not a fake one. A nice voice on the end of a telephone may sound professional, but a sharp suited, silver tongued caller does not make a legitimate, honest financial planner.
Our fraudster guidance:
If you pay more money to service your car than you have to review an investment then who is the fool? Cars break down without being serviced ….. so do our pensions and investments.