Action fraud now gets around 600,000 fraud reports per year! – wow that is a lot of potentially ripped off clients! As our clients know we can’t stand pension (and investment) pilfering scum bags but here at Financial Fortress we have spotted a recent theme – beware of the 8% return! Now it may very well promise more or less than the 8% mark but anything that “promises” or “guarantees” or even suggests a fixed rate (other than a cash deposit or bank account), it is probably worth staying well clear of unless you are completely sure it is legitimate!
Through analysing some of the recent “property bonds” that have gone bust, it would seem that a promised (or guaranteed) return of around 8% is on trend at the moment. Although anything between 5% and 12% per year may seem normal to you – it most definitely is not – trust me!
Why is it that investors are getting sucked in I hear you ask? Pretty simple really, 1, there really are loads of them, 2, they are expertly marketed with fabulous headline rates, 3, these people are serious professionals who are gifted at getting you involved and 4, our low interest rate environment!
Now wanting a better return on your money is understandable and sometimes not paying a trusted financial adviser can save a few quid, but remember that if it seems too good to be true – it usually is! Get in touch with your local experts and ensure your own Financial Fortress!