Constituents of Alyn and Deeside recently received a warning from their MP regarding investment scams, after he teamed up with the UK’s Financial Conduct Authority (FCA). British consumers who fear the validity of an investment opportunity they are offered often seek out independent financial advice in Chester, Deeside and other parts of Northern England. Along with offering portfolio management and retirement planning services, wealth managers also provide protection with expert assessments of potential assets to help their clients avoid scams.
The FCA states that on average, UK victims of pension scams lose around £75,000 to fraudsters. To warn people against pension and investment fraud, the FCA recently launched a national campaign entitled ScamSmart, offering helpful guidance on avoiding ploys to part them with their hard-earned money.
Working with the FCA, MP for Alyn and Deeside Mark Tami has now spoken out to the people in his constituency urging them to take every precaution and protect themselves against potential fraud. Whether offers are made via phone, social media or online, if they are unsolicited, he urged all members of the community to reject them.
Furthermore, those facing an offer of an investment opportunity should always be wary of any option that is advertised as having zero risk and high returns. Consumers should also ensure that they are entering into an investment with an authorised firm. The FCA retains a register of all such companies, making it easier for investors to sidestep fraud and avoid financial harm.
