Thousands of people have lost their life savings after falling for a scam – don’t be the next victim:
The Financial Conduct Authority (FCA) is urging over-55s to check that investment opportunities are genuine before they part with their money. This comes as new research, commissioned as part of the FCA’s ScamSmart campaign, reveals that only two in five (42%) think they know how to spot a fraudulent investment opportunity. Fraudsters are targeting the growing over-55 population because they are more likely to have money to invest.
Could you identify whether an investment offer is legitimate?
The FCA is urging consumers to be sceptical and cautious before they invest their money. If someone
invests their money with an unauthorised firm, they will have no protection from the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong.
Read this factsheet to review what steps to consider before going ahead with any financial or investment decisions.