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Dealing with scams

Clients should be extra vigilant if you receive any unexpected communications from third parties about their relationship with your Blacktower financial adviser or the company. If you do receive suspicious instructions, you are advised to check the legitimacy of these. If you believe you have been a victim of fraud, you should report it to the police as soon as possible. The sooner the fraud is reported, the greater the chance of containing or minimizing the damage.

Further advice can be found at –

UK – www.fca.org.uk/scamsmart

Gibraltar – https://www.fsc.gi/consumer-guides/fraud

Cyprus – https://www.fma.gv.at/en/the-cyprus-securities-and-exchange-commission-cysec-warns-scammers-are-impersonating-cysec-representatives/

USA – https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins

Cayman – https://www.cima.ky/know-your-money-dont-be-a-victim-of-fraud

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expat financial services could help arrest income decline

New research has indicated that the income of British expats has fallen by 11% since 2005, meaning that there is now extra imperative for Brits abroad to benefit from the advice of the providers of expat financial services.

According to the study, the majority of expat pensioners live in countries within the Eurozone. As such it is possible that, for some, living and financial arrangements could be at risk in the event of Brexit, particularly as the value of their pensions has fallen by more than 4% over the past year.

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Expat Pension Concerns Cause Dwindling Number of Brits in EU

Its time to say goodbyeThe number of British pensioners living as expats in the European Union (EU) fell from 468,790 in 2017 to 462,680 in 2018, according to figures based on data derived from the Department for Work and Pensions.

It is the first time in more than a decade that there has been a decline in the numbers of British pensioners abroad and it is thought that Brexit and the uncertain future of expat pensions are the major factors behind the decline.

Although the draft withdrawal agreement seems to have provided some security for Brits abroad concerned about their expat pension and legal residency rights, this is only assured until 2020,

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