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IMPORTANT WARNING

IMPORTANT WARNING

SCAMS COST SAVERS £78M DURING 2020

IMPORTANT WARNING
The FCA has issued warnings after investment scams cost savers £78m during 2020.

We want to attract attention to the Fraudsters who are developing extremely effective ways of carrying out very devious ways of ‘conning’ savers and investors.

Click on this link to read the article published this morning by the FCA in FT Adviser.
Click on this link to read the article published in the Investment Week
IMPORTANT WARNING

The key message to savers and investors is to be 100% sure that any product or service they pay for is not a scam.

We hear horror stories in the financial sector as to the lengths the scammers will go to ‘clone’ products and businesses.  Please take the time to click the links above and read the articles and always be mindful and guarded about engagement with businesses.

We often (daily) gather new investment payments for Structured Products where we have no previous contact with the investor.

We have yet to see our investment clients impacted by scams but we must all be very guarded, based upon the positioning of scammers.

Savers and investors must always carry out basic due diligence – like calling ahead – most of our clients/investors know us personally and by name so if in any doubt whatsoever ‘dig deep’ and be sure before parting with any money or personal information.

Always remember – ‘if it sounds too good to be true – it generally is!’.

Be careful given this update and stay healthy, happy and safe.

Very Best Wishes.

Best Price FS Team

Advice: If you wish to receive regulated advice in relation to reviewing your current investments then please get in touch by clicking on this link.