UK. Pensioners lose decades of savings in 24 hours
As part of a campaign called ScamSmart, the UK Financial Conduct Authority and The Pensions Regulator have revealed £82,000 (AU$154,202) is the average amount victims of pension scams lost in 2018. It would take an ordinary working saver 22 years to amass that amount, according to the FCA. Despite the significant cost of scams, 24% of people surveyed admitted to deciding on a pension offer within less than 24 hours. One of the main warning signs of a scam...