Be Vigilant and Scam Aware

2 min read

There have been warnings from several Regulatory bodies urging people to be vigilant. The warnings are aimed, in particular, at those who may have lost their jobs or are under financial pressure and may be tempted by scammers.

Remember, just because it may have happened to you once, does not mean you are now immune. Similarly, just because it has never happened to you at all, does not mean it never will.

Millions Affected

Over five million people in the UK, and many more globally, have fallen victim to, or know someone who has been duped by, a financial scam since the beginning of the virus outbreak.

The most common financial scams relate to banking, accounting for 60% of victims, followed by 35% being targeted by an insurance scam. One in five reported having been targeted by a pension scam amid an increase in fraudsters offering free pension reviews.

Be a Scam Aware Investor

Recognizing these common signs of a scam could help you avoid falling for one.

Scammers can pretend to be from a company that you may know
Scammers might say you are in trouble or there is a problem or prize
Scammers may pressure you to act immediately, giving you no time to think
Scammers often tell you to pay in a very specific way

Government Advice

Government advice to protect yourself from fraud includes checking the company’s credentials via a reliable source, being wary of deals that sound too good to be true, not clicking on links from unknown senders, not giving out personal details or financial information in response to a request that you did not make, and seeking professional financial advice from a regulated company before making any decisions.

Guidance in Uncertain Times

Anxiety and financial pressure can make us more vulnerable to fraud, so if you are unsure about any financial opportunities, please contact us.

We are here to keep you and your finances safe now and into the future.

Get in touch today and book your initial, free, no-obligation meeting. You have nothing to lose and potentially lots to gain! Send us an e-mail to edward@pattersonmills.ch, call us direct at +41 78 214 84 32.