ScamSmart

Beware of Investment Scams

Sadly, there are dangerous people out there who want to line their own pockets by cheating hard working investors out of their savings. As fast as the industry works to stop the scammers, they are finding new and more devious ways to outwit us by making the opportunities they offer seem as genuine as possible.

Do your research

Efforts to protect investors from scammers are being led by the Financial Conduct Authority (FCA). As part of its ScamSmart campaign, it has made a wealth of resources available online to help you recognise a scam and report suspicious activity. Click here to find out more.

This PDF explains how pension scams work and how to avoid them. We would recommend taking a quick look – a couple of minutes spent reading it might save you a lot of heartache and regret.

Our colleagues, Cathy Smith and David Bashforth, have also produced blogs highlighting just how hard pensions scams are becoming to spot. You can read Cathy’s here and David’s here.

Remember, if an investment opportunity sounds too good to be true, chances are it’s a scam. If you’re in any doubt, please don’t hesitate to contact us for advice. We’ll happily check it out on your behalf and there will be no fee to pay, whatever the outcome. Telephone (01246) 298181 or email: enquiries@belmayne-ifa.com