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Recent phone scam – report from Transact

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Please be aware that over the last few weeks there have been reports of a phone call scam targeting Clients like ours. This scam involves an automated phone call in which the receiver is prompted to “press 1 if you did not authorise the claimed transaction”. The transaction has been consistently reported as a withdrawal of £600.

It is believed that this could be linked to the recent Visa fraud scam, where an automated phone call, claiming to be from the Client’s bank or service provider, states that there has been a suspicious transaction from their account. Upon acting, the receiver is transferred to an “agent”, a fraudster, who tries to obtain personal data and account information. There are also reports of consumers being transferred to a premium phone line and being charged extremely high rates for the call.

Please be aware that Transact, or any other such service provider will not contact Clients through any automated phone call system. It is important if you receive unsolicited calls like this, or any other questionable calls, to always check with your bank or service provider first instead of following instructions.

Make sure you are ready to deal with scammers. The Financial Conduct Authority has pleanty of advice to help you stay safe.

Jasmine Lambert Chartered Financial Adviser in Southampton
Jasmine Lambert

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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Please Note Office Closed

Our office will be closed all day on Thursday, 26th June, due to essential power supply maintenance being carried out by Scottish Power in the area.

While we won’t be in the office, the Team will still be working from home and checking emails throughout the day. Our main phone line will be diverted to the Team.

We’ll be back in the office as usual on Friday, 27th June.

We apologise for any inconvenience this closure may cause. Thank you so much for your patience and understanding. We truly appreciate it!

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