10 tips to avoid being scammed

Scam Computer Keys Showing Swindles And FraudLargely thanks to a campaign led by financial advisers, the dangers of financial scams have been big news over the past few weeks. We are delighted that the government is finally acting to ban cold calling in respect of pensions. But, with a cold call made every eight seconds, millions of people are still at risk of being caught by the scammers. We thought therefore, it was worth reminding you of our top tips to help you avoid being scammed. Tip #1: Never respond to a cold ...

Most victims of financial scams never receive a penny back

Pensions Freedom causes scams to soarNew research has shown that most victims of financial scams never receive a penny back of the money they lost. Despite warnings financial scams, fraud and cons are on the increase. The BBC has revealed that figures from the Royal Bank of Scotland show 5,000 of their customers fell victim over the past year, losing a total of £25 million. To compound the misery of the original fraud, the figures also showed that 70% of victims never recouped a penny of their losses. What’s more, the average amount ...

Pensions: 5 scams & bad advice that can seriously damage your retirement

We’ve been shocked by some of the pension scams and examples of bad advice we have seen so far this year. For most people a pension, whether it is a workplace scheme, a Personal Pension or indeed a SIPP (Self Invested Personal Pension) will provide part of their income in retirement. However, we are seeing more and more examples of scams and bad advice that could seriously damage your wealth in retirement. We’ve put together a quick checklist of the worst five we have seen and how to avoid them....