Protecting yourself against fraud

Fraud alert - budget announcement

Following the recent UK Budget announcement, we would like to draw your attention to potential fraud risks targeting wealth management clients. Budget announcements often increase fraudulent activity as criminals seek to exploit client concerns or confusion around new policies.

Below is some guidance on what to look our for and some tips to help protect yourself.

Key risks

1. Fake investment opportunities: Scammers may advertise “tax-efficient” investments or high-yield schemes claiming alignment with new Budget changes. Always verify investment opportunities before proceeding.

2. Phishing emails and texts: Fraudsters may impersonate financial institutions or government bodies offering tax reliefs, refunds, or new policy information. Be cautious of unexpected messages, even if they appear official.

3. Bogus wealth advice: Unauthorised advisers may reach out claiming specialised knowledge about Budget impacts on investments or tax. Only consult registered, trusted professionals.

How to protect yourself

  • Verify communications: Contact us directly if you receive unexpected or suspicious communications.

  • Beware of urgent requests: Fraudsters often create a false sense of urgency. Take time to review and confirm all financial decisions.

  • Report suspicious activity: If you notice any suspicious emails, texts, or calls, do not engage in conversations and terminate contact.

Our advisers are here to help navigate any questions about the Budget and your financial plans. We’re committed to safeguarding your wealth and look forward to providing ongoing guidance in the months ahead.

Protecting yourself against fraud

Fraud awareness

We have several websites, and will also contact you via email from time to time. When receiving these emails or accessing our website, it is important to know that these are genuine.

Fraud Prevention

Fraudsters are constantly developing their tactics and looking for new ways to steal your money through social engineering tactics. Resist the urge to act immediately no matter how dramatic the claim or urgent the situation. It is important to recognise a scam and understand how you can help protect yourself.

Fraud alerts

Unfortunately scams and attempted frauds through social media, phone calls and emails claiming to be from a Schroders Personal Wealth representative do sometimes occur. You may be contacted by people claiming to be from Schroders Personal Wealth who will try to persuade you to invest with them.

Recognising the red flags of alternative investment scams

With the surge of interest in alternative investments comes a concerning increase in scams. It’s important to educate yourself on the potential pitfalls and red flags when considering alternative investments.

5 tips to stay secure online

People are increasingly falling victim to online identity fraud but there are steps you can take to help safeguard your personal data.

Contact us

Get in touch with us right away if you are suspicious of any communication you may have received or if you suspect that you may have been a victim of fraud using the Schroders Personal Wealth brand.

You can contact our Financial Crime Prevention team via:

Telephone: 0800 640 4161

Email: fraudandfinancialcrime@spw.com

If you suspect you have been a victim of fraud, we advise you to report it immediately to your bank who may be able to assist you in stopping or recovering funds. You can report fraud and cyber crime if you live in the UK to Action Fraud.

When you contact Schroders Personal Wealth, we will investigate your suspicions and where possible take necessary steps to prevent others falling victim to the same scam.

Please note that any information sent via email is not secure and could be read by others.