Could a fraudster con you into handing over money?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 26 January 2018

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Could you get duped into sending a fraudster thousands of pounds?

Many people think of course they wouldn’t, but then it happens to them.

In this week’s podcast Simon Lambert, Lee Boyce and Georgie Frost look into the disturbing rise in fraudsters targeting ordinary people’s finances and how you can protect yourself – we also ask if the banks do enough to help.

On the other side of the table from those looking to take your money, are the people who promise to make it for you – fund managers.

And there has been one name that keeps cropping up in This is Money’s reader comments as someone who doesn’t get his fair dues, Terry Smith.

We dive into his Fundsmith fund, why it has been so successful and having had it explained to him first hand by Mr Smith himself, Simon outlines the Fundsmith investing philosophy.

He looks at whether investors need to be wary of putting too much faith in an approach that has done well if conditions change, or whether the top global funds run by managers such as Smith, Nick Train and the Baillie Gifford team are worth sticking with come what may.

Also up on this week’s podcast is the best car of the year as named by What Car? – and it’s a diesel – and Lee’s once in a lifetime trip to the home of Ikea in Sweden, where he learnt some very interest facts about the flatpack furniture store you either love or hate.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, bringing you a weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert's team have been covering on their reward-winning website.
0:13.2	I'm your host, Georgie Frost, and joining Simon and I today is Consumer Affairs editor Lee Boyce.
0:18.9	And this week, dodgy email links, misspelled texts.
0:22.7	As a new campaign is launched to get a scam savvy, could you spot a fraud?
0:27.8	You're absolutely sure about that?
0:29.8	And are the banks doing enough to help victims?
0:32.0	Well, thankfully, Lee, the scam man, Boyce is here to help us all.
0:35.2	Also today, budge over Woodford, there's another darling of investors in
0:38.4	town. Who is he? And what's he doing so right? We investigate how not claiming child benefits,
0:44.2	even if you don't qualify, could mean you may have to work longer. As the diesel dive
0:48.6	continues, we ask if it's truly had its day, apparently not. And the adventures of Leiboyce continue,
0:55.7	where did our intrepid reporter find himself this week?
0:59.4	And did he have as much fun as he did at the Royal Mint?
1:02.9	All that and plenty more coming up.
1:04.4	Don't forget you step to date with all the latest breaking money news.
1:06.8	Just go to this ismoney.com.org UK or download the app.
1:10.0	This is Money. Brought to you in partnership with NS and I.
1:14.8	Enjoy peace of mind with our new guaranteed income bonds and guaranteed growth bonds.
1:20.1	Now it's time to take five. That's right. Just chill out.
1:23.6	That's the message and the name of a new national campaign to encourage us just to stop and think before we click on that email link or reply to that text and become the next scam victim.
1:34.9	Now this all comes as new figures out this week show fraud and hacking is the most common crime in England and Wales with a whopping £366 million.
1:48.1	Lost to financial fraud in the first half of 2017 alone.
	...

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