IFA saves client £150,000 after close shave with sophisticated 'Prudential' scam

'Just about believable'

Hannah Godfrey
clock • 3 min read

A financial adviser saved his client £150,000 after they came into contact with a sophisticated scam that appeared to be a legitimate Prudential product.

Daniel Williams (pictured), an IFA at Hull-based Morgan Williams, is part of the Personal Finance Society's (PFS) ScamSmart initiative, and described the scam as "the most sophisticated I've ever seen". A long-term client nearing retirement had £150,000 in cash after a product matured. They were looking to buy a holiday home in the near future, and were looking for a product to put the money into that protected them from the ups and the downs of the market, in a bid to avoid any risk of losing money for the new home.   Through a web search the client came across something called the P...

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