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

'Just about believable'

Hannah Godfrey
clock
"I have reported so many adverts and very few actually get taken down" - Daniel Williams.
Image:

"I have reported so many adverts and very few actually get taken down" - Daniel Williams.

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 s...

To continue reading this article...

Join Professional Adviser

 

  • 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

Progeny eyes international expansion with latest acquisition

Progeny acquires international advice business The Fry Group

The Fry Group

Jenna Brown
clock 28 June 2022 • 2 min read
Chris Hudson, managing director of retail intermediary at Standard Life said: "Improving our pension pricing and modernising our online presence is part of our renewed commitment to the adviser marketplace."

Standard Life updates service capability for advisers

‘Long-term commitment’

clock 27 June 2022 • 2 min read
PA's editors in pictures: Rob Kingsbury, Katrina Lloyd, Scott Sinclair, Julian Marr and Tom Ellis

Six editors in 21 years: Advice as viewed by those who ran Professional Adviser

From 2001 to 2022

Professional Adviser
clock 24 June 2022 • 9 min read