Protecting your clients from scammers
The Covid-19 effect on markets and personal finances is making people more susceptible to financial scams than ever before. We’re sure you’re already making your clients aware to be on the lookout for the classic signs but we’ve recently seen an increase in the number of financial scams - including those involving phishing emails, cold calls and fake product documentation.
We know that some individuals have been targeted by an investment scam which references the M&G and Prudential brands. The scam offers attractive fixed returns, above market realities, on money invested in fixed rate or fixed return products, specifically Fixed Rate Savers and Fixed Rate Deposit Bond, but please be aware there may be others in use.
Please remind your clients to remain vigilant now more than ever, and remind them of the signs to look out for.
We’ve updated our scam information and support on our Covid Hub to help you keep your clients safe from scammers.