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

Senior Reporter at Professional Adviser

More on Your profession

Working out a client's income needs during a divorce

Working out a client's income needs during a divorce

Advisers can play a crucial role in the preperation of Form E

Vanessa Gardiner
clock 11 November 2024 • 4 min read
Advanta Solutions adds £800m AUM through City Financial Planning acquisition

Advanta Solutions adds £800m AUM through City Financial Planning acquisition

Marking Advanta’s second acquisition in 2024

Sahar Nazir
clock 11 November 2024 • 2 min read
Aegon to launch commercial pensions dashboard

Aegon to launch commercial pensions dashboard

Comes after the FCA published its regulatory framework for dashboard service firms

Holly Roach
clock 11 November 2024 • 1 min read