With the cost of living impact deepening, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid pension scams.
- A quarter of consumers would withdraw pension savings to cover the cost of living, making them vulnerable to ‘misdirection’ scam tactics
- Just as with magic tricks, scammers are distracting victims with the promise of higher returns, preying on money concerns, and building up trust
- One woman was scammed out of £45,000 while trying to build her retirement savings
- The FCA’s latest ScamSmart campaign aims to provide consumers with the knowledge and tools to avoid pension scams
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.