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.
Enticement
Nearly half of over 55s surveyed agreed that investment opportunities are more attractive if you know of others who have made similar investments.
Fraudsters may exploit this by saying that others want in on the deal or have already benefitted.
Tags: FCA | Fraud | Pension Freedoms | Scams
