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Which? finds only half of elderly workers confident they would know a legitimate pensions investment. Read more.
£1.7 Billion lost to boiler room activity in London, read more.
Fraudsters have set up a bogus website claiming to be the official site of National Savings & Investments (NS&I) and are contacting members of the public, cold calling them and offering them the chance to invest in 65+ Bonds (also known as Pensioner Bonds).
If you have been approached, or are worried you might be a victim please contact us. Read more.
Special offer – 10% off listing fees is extended until Midnight on Friday no matter who walks into number 10!
If you have an alternative investment and are looking to sell it, the Alternative Investment Exchange is your best opportunity to do that.
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Investor Protectors will continue to run stories on the subject of pension scams with regularity to enforce the message of how very real and serious this threat is.
Do not underestimate how persuasive or how legitimate sound the advice being given might be. Even a face to face visit which is proving more and more popular with scammers as a way of establishing credibility is not a cast iron guarantee your money is not simply going to go into a black hole.
If you are being spoken to about your pension and are unsure who to trust then please do get in touch and we can help you better guard yourself against the potential pitfalls.
The Daily Mail reports on the damaging effects these scams have had on people who had invested their pensions in what turned out to be nothing more than a scam.
Beware of fraudsters, posing as investment professionals.
Significant changes to the rules around how to use your pension in retirement offer many new opportunities for future retirees. Unfortunately, the same is also true for fraudsters and criminals. As part of the new rules, defined contribution pension scheme holders can now access their entire pension fund, from the age of 55, and use it however they wish. This radical change provides you with greater freedom regarding how you can use your pension to fund retirement, but it also makes the decision a more complex one.
Read more here.
HERE’S an “industry” success story that no politician will celebrate during the election campaign: the fastest growing crime in the UK is fraud, totalling £50billion a year.
A GLASGOW man has been arrested in connection with an alleged ‘boiler room fraud’ involving Rare Earth Metals.
No one could have anticipated how quickly the AIE would grow.