How to spot an investment scam

If something sounds too good to be true it probably is.


Scams come in all shapes and sizes, by email, phone, face to face or even a knock at your door. Scams can have devastating effects on your finances.

How to spot a scam

  • You’re asked for personal details and/or passwords
  • You’re being contacted out of the blue
  • You’re asked to make an advanced payment
  • You’re asked to make a quick decision – fraudsters don’t want you to have time to think

What to do if you think you’ve be contacted and it’s a scam

If you are contacted and you’re unsure, don’t give out any personal details. It is a good idea to check Companies House website to see if who is contacting you is legitimate.

If you think you have been a victim of a scam Contact Action Fraud, the UK’s national fraud and crime reporting centre, on 0300 123 2040, or visit the Action Fraud website online reporting tool.

A-Z of scams

There are lots of scams and many ways scammers will try to get you to part with your money. For more information visit Action Fraud’s website for an A-Z list of scams or the Financial Conduct Authority (FCA) Warning List. 


Newcastle Building Society introduces to Newcastle Financial Advisers Limited for advice on investments, pensions, inheritance tax planning, and life cover. Newcastle Financial Advisers Limited is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.