Investment - Articles - Aegon comment on FCA report on investment scams


Kate Smith, Head of Pensions at Aegon, on figures released this morning from the FCA that over £27 million was reported lost to crypto and forex investment scams in the last financial year.

 “It is disappointing to see investment scams continuing to rise with reports of money lost to crypto and forex investment scams tripling over the last financial year. This should serve as a warning that fraudsters are still very much at large and using ever inventive ways to scam people out of their money.

 “The FCA are doing some good work to actively raise awareness in this area and help individuals steer clear of bogus investments. However, much more is needed to be done to simply keep up as scammers are becoming increasingly sophisticated in their techniques through advancing digital technologies to lure potential investors.

 “The pensions cold calling ban was a step in the right direction to protect consumers’ pensions but won’t help in the wider battle to tackle fraudsters as they move onto softer targets. The government needs to work alongside the regulators to stem the tide of fraud and help keep the threat of scammers in the spotlight.”
  

Back to Index


Similar News to this Story

Greene King appoint XPS as actuarial and investment advisors
XPS Pensions Group is pleased to announce its appointment by the Trustee of the Greene King Pension Scheme to provide actuarial and investment advice,
Aegon launches a guide for Financial Wellbeing
Aegon has launched a guide to help businesses improve the financial wellbeing of their workforce as part of their overall wellbeing strategy. The guid
Legal and General acquires MyFutureNow
Legal & General Retail Retirement (LGRR) has, for an undisclosed price, purchased a 100% stake in Finovation Limited, trading as MyFutureNow, which sp

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.