Market Updates and Covid-19 Response
We understand that you are facing many challenges right now, including how best to support your clients and changes to the way you work. Below you’ll find guidance and information to help you navigate the uncertainties.
Scammers are taking advantage of the Covid-19 situation
The Covid-19 effect on markets and personal finances is making people more susceptible to financial scams than ever before. We’re sure you’re already making your clients aware to be on the lookout for:
- Calls, texts, or emails from businesses and individuals offering great deals - such as free pension review, investment opportunities with ‘guaranteed returns’
- High pressure sales tactics from businesses or individual pushing a deal or to sign anything
- 'Good cause’ scams where scammers want people to invest in items such as face masks and hand sanitiser and promise lucrative returns
- Any requests for upfront fees.
Scammers are very sophisticated - even the most well-informed people are at risk. So, you might find the FCA ScamSmart website helpful. It offers lots of useful information and support to your clients, on how to avoid investment and pension scams.
And we’ve put together this Covid-19 Scam Alert email template to help you reach out to clients about this. There's also more information for your clients, on how to protect themselves from investment scams, on pru.co.uk.