One in eight HNWs fell victim to financial crime in last six months

Losing an average of just under £13,000 each to scammers

Isabel Baxter
clock • 3 min read

One in eight (16%) of wealthy individuals have been victims of financial crime in the past six months, losing an average of just under £13,000 each to scammers, Saltus has found.

The Saltus Wealth Index surveyed 2,000 people with assets of £250,000+ and found that 41% of respondents have been a victim of financial crime and more than a third of whom were scammed in the last six months. The most common way the wealthy were targeted was by online shopping scams with 24% of victims losing their money this way, followed by investment scams (20%), while one in seven (15%) fell victim to pension scams. One married man in his 30s from London said the experience of being scammed out of more than £2,000 when purchasing online has knocked his confidence. He said: "I ord...

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

Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

More on Your profession

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Project run by Eco Communities

Professional Adviser
clock 15 May 2026 • 1 min read
Closing the advice gap: The case for attitudinal targeted support

Closing the advice gap: The case for attitudinal targeted support

TISA’s Sophie Legrand-Green on a ‘significant’ way to influence consumer behaviour

Sophie Legrand-Green
clock 14 May 2026 • 4 min read
Women in Financial Advice Awards 2026: All the nominations!

Women in Financial Advice Awards 2026: All the nominations!

More than 1,150 women from 450 firms were nominated for WIFA 2026

Professional Adviser
clock 14 May 2026 • 29 min read