BONUS EPISODE: How to avoid financial scams
Description
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In this bonus episode of The Pension Confident Podcast, we’re revisiting an important topic - financial scams. According to research by UK Finance, £1.17 billion was stolen through fraud in 2023. So what are the red flags we all need to watch for when it comes to our finances?
Tune in to hear the best bits from episode seven, as our host, Philippa Lamb and our expert guests shared their top tips to avoid financial scams and what to do if you think you’ve been a victim. We hear from:
- Former Chief Executive of The Pensions Advisory Service and Independent Non-Executive Director at PensionBee, Michelle Cracknell CBE;
- Former Head of Security and Counter Fraud at Open Banking, Lisa Markey; and
- PensionBee’s CTO, Jonathan Lister Parsons.
Episode Breakdown:
01:37 Personal stories from the guests
03:38 The different types of financial scams
05:29 Scams and vulnerable people
06:35 Pension scams
11:15 How to spot the signs of financial fraud
12:44 What to do if you think you might be a victim
Further reading and listening:
To learn more about financial scams and protecting yourself and your money, check out these articles and podcasts from PensionBee:
- Episode transcript
- E7: of The Pension Confident Podcast: How to stay safe from fraud and financial scams (Podcast)
- How to spot a pension scam
- 4 pension scams to watch out for
- What is pension liberation?
- Early pension release rules
Other useful resources:
- Scams Awareness Campaign (Citizens Advice)
- Annual Fraud Report 2024 (UK Finance)
- 'Scam Man and Robbin' game
- The Money and Pensions Service
- Financial Conduct Authority (FCA)
- Types of pension scams (FCA)
- Protect yourself from scams (FCA)
- Reporting fraud and cyber crime (Action Fraud)
Catch up on the latest news, read our transcripts or watch on YouTube:
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