Fraudsters targeting pensioners - FSA

clock •

Pensioners are more likely to be targeted by fraudsters and con artists, the FSA warns.

A study conducted by the regulator suggests 35% of people targeted by share fraudsters in the last year were over 65. The warning comes as the FSA unveiled plans to help protect older people from financial scams, by teaming up with Age Concern and Help the Aged. The FSA survey also found 23% of people aged over 65 felt they could fall victim to fraud in 2009, but nearly half do not know how to protect themselves. Additionally, around 40% were unaware fraudsters could use personal details in passports, driving licenses and mortgage applications to steal their identity. "Fraudsters, l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advised clients want more personal investment communication

Advised clients want more personal investment communication

Four in ten say comms focused more on product than goals

Jenna Brown
clock 12 November 2026 • 3 min read
How economic abuse manifests itself in pensions, mortgages and protection

How economic abuse manifests itself in pensions, mortgages and protection

Second in a three part series

Shelley Read
clock 11 November 2026 • 5 min read
Celtic FP founder launches online admin platform for advisers

Celtic FP founder launches online admin platform for advisers

‘Developed by people who understand the industry’

Jenna Brown
clock 10 November 2026 • 2 min read