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.
Secrecy
A third said it is best not to discuss investment decisions with others, while 48% said they would be likely to seek impartial advice before making an investment.
These attitudes are seized on by fraudsters, who often urge their target to keep the offer a secret, in order to prevent others from dissuading them from investing.
Tags: FCA | Fraud | Pension Freedoms | Scams
