Fake Job Offers and Pension Pots

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 10 February 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

New figures given to Money Box show there has been a big increase in the amount of money being stolen through fake text messages offering people jobs. These recruitment scams are usually sent via text or WhatsApp and offer high pay, easy hours and the chance to work from home. Last year 126 people contacted Action Fraud saying they'd been victims of this type of scam with £977,000 stolen from them. That is 50 times as much as was reported the year before. What do you need to look out for?

Storm Henk was the 8th storm of this season and more could well be on the way. As the flooding costs for insurers rise, home insurance premiums move up with them. According to the Consumer Intelligence Home Insurance Price Index they had already risen 36% by last October. We'll explain all you need to know about flood insurance.

When you pay into a pension you expect it to be there for you when you retire. We investigate one listener's case who discovered her pension company had taken all her money in charges.

And Paul Lewis asks listeners how they buy their music? Email [email protected]

Presenter: Paul Lewis Reporters: Dan Whitworth and Sandra Hardial Researcher: Jo Krasner Editor: Jess Quayle

(First broadcast 12pm Saturday 13th January, 2024)

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for
0:21.7	Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman.
0:27.4	This is The Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts.
0:36.6	Hello, welcome to this Moneybox podcast.
0:39.4	The wind blows, the rain comes down, but it's home insurance prices that go through the roof.
0:45.6	Vinyl takes a growing share of the music business.
0:48.7	And the lady's pension vanishes.
0:51.2	No, not a Hitchcock movie, but still a bit of a mystery.
0:56.0	But first, new figures given to Money Books show there's been a big increase in the amount of money being
1:00.0	stolen through fake messages, offering people jobs. These recruitment scams are usually sent
1:06.0	via text or WhatsApp, and offer high pay, easy hours and the chance to work from home. As with all these
1:11.9	crimes, it's a high volume business. You or someone you know may well have already received one.
1:16.9	Most, of course, are deleted, but it just takes one person to reply for the thieves to seize
1:22.1	their opportunity. MoneyBotch reporter Dan Whitworth has been investigating Dan.
1:26.7	Well, the numbers on this poll are pretty stark. Last year, 126 people contacted action fraud,
1:33.6	saying they'd been victims of this type of scam with £97,000 stolen from them. That is
1:41.1	50 times as much as was reported the year before. And remember, all fraud
1:45.9	is massively underreported. So even that nearly one million pounds could be far less than the
	...

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