Investor Risk Warning
Be alert to share fraud and boiler room scams
Please be alert when receiving telephone calls from people purporting to represent Standard Life Aberdeen (SLA) or any of its affiliated brands, including Aberdeen Standard Investments (ASI), or third parties purporting to represent our interests.
Standard Life Aberdeen and Aberdeen Standard Investments would never ‘cold call’ investors or potential investors in this way and we encourage individuals who receive such calls to be mindful that these may be ‘boiler room’ scams which attempt to:
- gain your personal information with which to commit identity fraud; or
- seek a payment in order to release investments you hold; or
- seek payments for the promise of investment products which may offer favourable and often guaranteed returns.
We never make these types of requests or offers via telephone call or email and would never contact potential investors in this way. If you have any doubt over the veracity of a person purporting to represent us, do not offer any personal information, end the call and contact our investor services centre using the details on our Contact Us page.
The Financial Conduct Authority provides advice with respect to share fraud and boiler room scams here: http://www.fca.org.uk/consumers/scams
In addition, the FCA Be a #ScamSmart investor campaign provides the following straightforward advice:
The UK consumer group ‘Which’ have also published simple, straightforward advise on their website regarding how to spot a scam.
Warning: British Telecom (BT) Investment Bonds
We have become aware of a scam offering the sale of BT Investment Bonds.
Individuals purporting to represent either “Aberdeen Standard Investments”, “Aberdeen Asset Managers Limited” or “Aberdeen” are contacting individuals to sell them an investment opportunity that would guarantee a fixed rate of return via investment in BT Investment Bonds. These bonds have also been advertised online via investment search engines and fake websites cloning Aberdeen Standard Investments branding. As part of the scam, you are asked to provide personal information including identification documentation and commit to a minimum investment of £50,000. Individuals are encouraged that all communications remain via email/telephone and not to send any information or documentation via post to our Offices.
Please be aware that this is a scam and in no way connected with or affiliated to Standard Life Aberdeen / Aberdeen Standard Investments.
Think you’ve been caught out?
If you think you may have been caught out, defrauded or experienced cybercrime, we recommend that you contact Action Fraud (which is the National Fraud & Cybercrime Reporting Centre) or report directly to the Police.
The UK consumer group ‘Which’ have also published useful advice regarding how to report a scam. This website also provided contact details of additional support services available to the victims of fraud.