Britain’s financial regulator has issued a scam alert for potential investors – especially the over 55s with access to thousands of pounds from their pension funds. The Financial Conduct Authority ScamSmart scheme believes the over 55s face a ‘heightened risk’ of falling prey to scams designed to separate them from their life savings.
The complexity of the British pension system puts 6 in 10 people off saving ‘because they don’t understand the system’ according to a new report. Accountants PriceWaterhouseCooper (PwC) say women and young workers are particularly affected.
Consumers are being warned to beware of a new sophisticated scam in the run-up to Christmas. Specifically targeting Lloyds customers, the new scam is ingenious and looks very plausible.