This article reveals the devastation and mental impact being a victim of a scam can inflict. 

Here we have a husband who invested his £200k pension into an overseas investment  with a purported return of some £500k. After losing it all he spiralled into the situation that led to him attempting to kill his wife.

With pension freedoms comes the scammers. Whilst deterrents are sought such as a government proposed ban on pensions cold calling it will not deter the hardcore scammer. These scammers must be backed into a corner where they are no longer able to trade in the pensions market.  

Anyone who speaks with vulnerable victims of investment scams through their work or personally should be mindful that person may need advice or support. Friends Against Scams is a National Trading Standards (NTS) Scams Team initiative, which aims to protect and prevent people from becoming victims of scams. Take a look.

www.friendsagainstscams.org.uk

www.grantthornton.co.uk/investmentscams