As the number of financial scams continues to increase and the cons advance in sophistication and reach, you owe it to yourself to be scam-savvy, to avoid the pitfalls and protect yourself and your finances.
Five common scams have been identified by the Financial Services Compensation Scheme (FSCS) www.fscs.org.uk/news/fraud/top-5-financial-scams/
- Boiler room schemes
- Phishing scams and smishing scams (email and texting scams)
- Pension liberation schemes
- Homebuying fraud
- Freebie scams
The FSCS provide ‘fight back’ advice for each scenario. In addition, the Financial Conduct Authority provide a warning list, where you can check the credibility of an investment or pension opportunity www.fca.org.uk/scamsmart/warning-list
If in doubt, please get in touch.