You may all be aware of the increase in Financial Scams and Identity theft. As individuals there are things we can do to protect ourselves against unscrupulous people and firms.
Who Are They?
What Do They Want? Your Money and Your Life
How Will They Get It? However They Can!
1. An offer that sounds too good to be true.
2. A stranger who wants to be your real or virtual best friend.
3. When someone you know is behaving oddly via email or phone. (It may be an identity thief.)
4. Someone claiming to represent a tax agency, financial or legal firm, police department or other authority contacts you out of the blue, demanding money or information.
5. You’re feeling pressured or tricked into responding RIGHT AWAY to a threat, a temptation or a curiosity.
6. You’re prioritising easy access over solid security (weak or absent locks and passwords).
7. You’re sharing personal information in a public venue (including social media).
8. Facts or figures aren’t adding up; bank statements, reports or other info is missing entirely.
9. Your defenses are down: You’re ill, injured, grieving, experiencing dementia or feeling blue.
10. Your gut feel is warning you: Something seems off.
What Can You Do? Quite a Lot!
Suspicious Phone Calls
Credit and Records Management
What If They Succeed? Act Promptly
Over the month weeks and months, we are looking to improve the personal finance portal (PFP) for our clients. The first stage is to introduce a live chat, audio and video service whilst clients are logged into PFP. This is the first level of improvements we will be making over the coming months. The live chat service is safe and secure.
Quite often friends and clients ask me about the best pension plans and I can understand. Pensions are complicated, even more so since Pensions Freedoms came into play.Successive Governments have tinkered with the pension rules and regulations time and time again. I started in the Financial Services Industry in 1984 and I can say each year the government has made some sort of change. Sometimes for the better or worse, but usually it adds another layer of complication. Terms such as Lifetime allowance, Fixed Protection, Capped and Flexi Access Drawdown are technical terms that generally confuse the public.In its simplest form a pension is a savings contract with tax breaks written under pension rules.