Giving Savers Pension Freedoms Is Risky, Says Consumer Watchdog
Giving retirement savers the responsibility to make their own financial decisions is one of the main drivers of poor pension outcomes, says consumer watchdog the
Yo-Yo Markets Worry Pension Savers
Financial watchdogs are urging investors not to panic over yo-yo markets during the coronavirus outbreak. And most of all, they say beware of fraudsters peddling
Watch Out For Coronavirus Cons, Warn Consumer Watchdogs
Scammers are taking full advantage of coronavirus misinformation to try to trick victims into handing over thousands of pounds. Trading standards officers are warning of
Scammers Snatch £6 Billion A Year From UK Pensions
Security experts reckon not enough is done to protect retirement savings and crooks are ripping off upwards of £6 billion a year from pensions in
Scams And Risky Investments Worry Financial Watchdog
Investors are taking on too much risk because low interest rates are making them hunt for higher growth, warns the UK financial watchdog. The Financial
Getting Back Money From A Payment Fraud
British bank customers lost £207 million last year to scammers hoodwinking them to send cash to bogus accounts – a 40% rise on the year
Fraudsters Must Repay Scam Cash Or Face More Jail Time
Fraudsters who ripped off millions of pounds by promising investors high returns from risky schemes must pay compensation or face further jail time. The four
Scammers Drain £10 Billion From Rip-Off Pension Funds
Pension scammers are likely to rip-off at least £10 billion from retirement savers – and many won’t know they are a victim of fraud until
Can You Pick A Real Diamond From A Fake?
If you are buying a loved one expensive jewellery as a special gift, insurers are warning you need to tell the real thing from fakes.
Pension Tricksters Make 22 Years Of Savings Vanish In Hours
Scammers can make up to 22 years of retirement money vanish within hours if savers fall for their bluster. The average pension scam nets crooks
Fraudsters Use Text Messages to Scam Thousands
Sending and receiving text messages has become part of daily life for most people, but some messages are from fraudsters trying to trick unwary people
Judge Put In The Picture Over £1m Art Scam
Two companies were wound up in court over a multimillion art scam after their latest brush with the law. Gem Tobin Ltd, based in Warrington,
Last Call For £1.4 Million Scam Victims To Claim Compensation
Consumer watchdogs are calling for victims of a £1.4 million scam to come forward to claim compensation. The Financial Conduct Authority has clawed back £1.5
Pension Scammers Trick Savers Out Of Millions
Three scammers who tricked more than 200 savers to switch £12 million of retirement cash to a pension liberation scam have been banned from running
Private Landlords Evict Fewer Tenants
The level of private landlord evictions is falling, according to new data from the Ministry of Justice. All four measures of landlord property repossession action
TV Celebrity Falls For £1m Pension Scam
Offshore pension scams costing savers up to £4 billion a year are set to become the next big financial scandal, claims a former minister. A
Pension Scams Risking Millions of Pounds
Millions of pounds are at risk from scams when funds are transferred between pensions, according to retirement experts. The number of warning signs of a
Millions Targeted With Phishing Emails From Tax Scammers
More than 2.5 million British taxpayers have reported that scammers posing as tax officials have tried to steal their cash and personal identities during the
Brazil Housing Scam Raised £21m From Investors
An offshore housing scheme offering all their money back plus 20% interest in a year raised £21 million turned out a scam that misled hundreds
Ramadan Scammers Flood UAE With Bogus Texts
Ramadan scammers posing as government officials have struck in the United Arab Emirates. Bogus SMS texts and phone calls claiming bank debit and credit cards