How to avoid being scammed
By Kirsten Hastings, 1 Mar 17
The Financial Conduct Authority (FCA) has revealed the tactics used by investment fraudsters to deceive the over 55s, as it urges the demographic to check investment opportunities are genuine before parting with their money.
Be quick
One of the most common methods is to pressurise potential investors to make a quick decision on a time-limited investment offer.
The FCA research found that 53% of the over 55s surveyed believed acting quickly can be key to getting a good deal, demonstrating how many could be vulnerable to this tactic.
Tags: FCA | Fraud | Pension Freedoms | Scams
