If you are unexpectedly approached about an investment
opportunity that seems too good to be true, it probably is.
Fortunately there are steps that you can take to spot these scams
and avoid risking your life savings.
Read the full guide on how to "Scamproof your savings" from the
Pensions Regulator »
Seek Financial Advice
The Financial Conduct Authority recommends
that if you have been unexpectedly approached about an investment
opportunity that you are interested in pursuing, you should first
seek impartial advice from a financial adviser unconnected to the
firm that has contacted you.
The yourmoney adviser directory is the largest of it's kind,
listing over 20,000 advisers who hold a valid Statement of
Professional Standing issued by the professional body (the Personal
Finance Society). These advisers are not only registered with the
FCA, but have also undertaken rigorous qualifications
and are committed to continuing personal development.
a local financial adviser you can trust »
Be on the lookout
See how Clive Osborne, a retired teacher and rock climbing
instructor, avoided losing £5000.
How to scamproof yourself
- Stop. Think about it. A genuine adviser will never rush you
into a decision
- Make sure the adviser is registered by the Financial Conduct
Authority at www.fca.org.uk/register
- Look at the FCA's Scamsmart warning list at www.fca.org.uk/scamsmart
- this will tell you the names of investment schemes that are known
- If you are approaching 55 or about to retire, Pension Wise can
tell you more about what you can do with your retirement pot. Visit
the website at www.pensionwise.gov.uk
- Before you sign anything, call The Pensions Advisory Service on
0300 123 1047 for information and advice about
- If you've already signed the papers, report it to Action Fraud
or call 0300 123 2040