Lowes Magazine Issue 128

INSIDE TRACK

Fraudsters target victims over age 65

Fraud victims over the age of 65 in the UK have lost over £1.7 billion over the past four years, Action Fraud data shows. A Freedom of Information request by the Liberal Democrats highlighted the level of fraud occurring among this demographic, with more than 212,000 cases of fraud having been logged since the beginning of 2019. The average loss per victim over 65 is £8,314, making them valuable enough to be seen by fraudsters as prime targets. We urge you to be vigilant if contacted by anyone out of the blue offering a too good to be true deal, who tries to get personal information from you, or wants you to move money between accounts, by phone call, text or email. Bona fide organisations stress that they will never do this. More information on the types of fraud to be aware of can be found on the Action Fraud website: www.actionfraud.police.uk

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Contact

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Easy Access Account Issue 36 1

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Shawbrook

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Ahli United Bank

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£1,000 - £1,000,000 £1,000 - £500,000

Cynergy Bank 2 Year Fixed Rate Bond 5.95% www.cynergybank.co.uk

Fixed rate bonds

JN Bank

3 Year Fixed Rate Bond 5.97%

www.jnbank.co.uk

Notes: Not to be considered an endorsement for any institution or account. 1 Minimum withdrawal of £500.

Measures of inflation - The average change in prices of goods and services over a 12 month period to September 2023 Retail Prices Index (RPI) 8.9% Consumer Prices Index (CPI) 6.7% Sources: Providers’ websites, Office for National Statistics, www.thisismoney.co.uk, www.moneysupermarket.com, www.moneyfactscompare.co.uk 18/10/2023. All accounts subject to terms and conditions.

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If you would like to receive further information on any of the subjects featured in this issue please call: 0191 281 8811, fax: 0191 281 8365, e-mail: client@Lowes.co.uk, or write to us at: Freepost LOWES FINANCIAL MANAGEMENT. Lowes ® Financial Management Limited. Registered in England No: 1115681. Authorised and Regulated by the Financial Conduct Authority.

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