Scams are a serious threat. The impact of falling victim to one can be devastating, so it's crucial to stay vigilant. Our Administrator has processes in place to protect you, but no system is completely fool-proof.
Here are some red flags to watch out for:
- Unexpected contact: Genuine financial advisers are not allowed to 'cold call' —i t's illegal. So, if someone reaches out to you unsolicited, that's a major warning sign.
- Too-good-to-be-true offers: If something sounds unbelievable or far too enticing, it probably is.
- High-pressure tactics: Scammers often try to rush you into making decisions without giving you the chance to think it through or seek advice.
For more tips on avoiding scams, check out resources from the Government and the Financial Conduct Authority. You can visit https://stopthinkfraud.campaign.gov.uk/ or https://www.fca.org.uk/scamsmart
If you suspect you've encountered a scammer or, unfortunately, fallen victim to one, report it to Action Fraud. You can call them at 0300 123 2040 or use their online reporting tool at https://www.actionfraud.police.uk
Stay alert and protect yourself!