• Home
  • Episodes
  • About
    • Awards
  • Contact

Make the most of your money

martin@icfp.co.uk
Informed Choice RadioInformed Choice Radio
  • Home
  • Episodes
  • About
    • Awards
  • Contact
ICR096_ How to stop scammers taking your money

ICR096: How to stop scammers taking your money

15/07/2016 Posted by Martin Bamford Podcast No Comments

 

In this episode of Informed Choice Radio, Martin talks about how to stop the scammers from taking your money.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Subscribe in iTunes | Click to listen now | Right click to download episode

How to stop scammers taking your money

It’s Scams Awareness Month in July and in this episode Martin talks about how to stop scammers from taking your money.

Scams Awareness Month is all about creating a self-supporting network of confident, alert, consumers. People ready, willing and able to spot scams.

In this episode, Martin talks about financial scams, so you’re aware of what you’re up against, some of the tactics used by the scammers, and some top tips for how to stop scammers from taking your money.

According to the Financial Conduct Authority, scammers use five tactics in an attempt to control your decision making – the pre-caller, the opener, the loader, the closer, and the recovery room.

So how do you stop scammers from taking your money? The FCA recommends three steps – reject unsolicited contact about investments, check the FCA warning list, and get impartial advice.

Please stay safe out there. Don’t assume that you’re scam proof because nobody is.

There are steps you can take to reduce your vulnerability to scammers and understanding their tricks and techniques are one of these.

Right click here and save as to download this episode to your computer

Personal finance news update

-The Bank of England has kept interest rates on hold at 0.5% in July, despite widespread expectations of a rate cut following the referendum result.

-Fewer people are cashing in their pensions as appetite for pension freedoms made available last year appears to weaken.

-A new council tax surcharge designed to boost local authority adult social care budgets has failed to prevent cuts to care services.

-Savers should prepare for tougher times ahead, according to new research by financial information service Moneyfacts.

-The value of claims made against life and pension advisers in default have risen by 138% in 2015/16, despite overall claims payouts falling by 17%.

Useful links mentioned in this episode

–Pension liberation fraud falls as crooks target larger savings

–The Confidence Game: The Psychology of the Con and Why We Fall for It Every Time by Maria Konnikova

–FCA Scam Smart website

–Black Box Thinking: The Surprising Truth About Success by Matthew Syed

–Informed Choice Radio episode 100 – live episode!

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Help us spread the word!

Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

No Comments
0
Share

About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

You also might be interested in

ICR068_ Lifetime & Annual Allowance Changes in April 2016

ICR068: Lifetime & Annual Allowance Changes in April 2016

Feb 26, 2016

  In this episode of the Informed Choice Podcast, Martin[...]

ICR006: Simonne Gnessen & Failing Oil Price

ICR006: Simonne Gnessen & Failing Oil Price

Dec 19, 2014

This week on the Informed Choice Podcast, Martin interviews Simonne[...]

5 signs your investment portfolio is in great shape

5 signs your investment portfolio is in great shape

Mar 8, 2019

In this episode, I'm sharing 5 signs that your investment[...]

Leave a Reply

Cancel Reply

Latest episodes

  • Don’t miss this important deadline
  • Dangerous TikTok Investment Influencers (Talking Money #6 from Informed Choice Radio)
  • Expensive Funerals & Risky Bitcoin
  • What were the top 10 Informed Choice Radio episodes in 2020?
  • What does a no-deal Brexit mean for your money?

Subscribe to Informed Choice Radio

 

Like us on Facebook

Get social with us!

About us

Welcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals and living a better life.

Find us here

  • Martin Bamford
  • Informed Choice Ltd
  • Sundial House, 20 High Street
  • 01483 274566
  • martin@icfp.co.uk
  • www.icfp.co.uk
  • martinbamford

Fresh from our podcast

  • Don’t miss this important deadline
  • Dangerous TikTok Investment Influencers (Talking Money #6 from Informed Choice Radio)
  • Expensive Funerals & Risky Bitcoin
  • What does a no-deal Brexit mean for your money?
  • What an international tax laywer thinks about a one-off wealth tax in the UK

© 2021 · Informed Choice Ltd. Site by Bamford Media

  • Home
  • Contact
Prev Next
This site uses cookies: Find out more.