Thousands of pensioners found on fraudsters' 'suckers list'

clock

Fraudsters have compiled a database of nearly 200,000 people - with an average age of 74 - on so-called "suckers lists".

The potential victims have been identified by trading standards teams investigating fraudulent mail, the BBC reports. Nearly 11,000 of them have lost money already, being tricked out of an average of £1,184 each. Suckers lists are drawn up by con-artists who find people who have been caught out by a con. They also include those who have the potential to be caught out. The lists are sold between fraudsters. Trading standards teams are urging people to look out for relatives or neighbours who may be vulnerable to mass marketing scams. The Financial Conduct Authority (FCA) has e...

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 Retirement

Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read
Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read
How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read