With 2024 advanced technology and AI its become even easier for criminals to fool people out of their life savings!
This really makes us angry, you save your whole life and some low life scum-bag convinces you to give your money away. Sounds like fantasy but the FCA estimates up to 40% of pension transfers are linked to either fraud or un-regulated and unsuitable solutions! We have at least 4 clients who have been ripped off in the past!!
Here’s some simple ways to help spot a scam:
- With the clampdown on marketing and cold-calling, chances are anyone phoning you that you are not expecting is a shark – put the phone down! This goes for unsolicited texts also!
- Where they explain you can take money out before the age of 55.
- Offering exotic investments including overseas property, hotels or golf courses
- Where they use words like “liberation”, “loophole”, “overseas”, “ethical”, “new industry” or “loan”.
- Where paperwork is couriered to you and time pressure is applied.
If in doubt – DO NOT DO IT! Seek a 2nd opinion and contact your local independent financial advisers immediately to get quality advice from experts you can trust!
