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Every driver warned about error that could cost them £8,500
Motorists are being urged to look out for scams that could mean they lose thousands
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Drivers are being warned to be aware about new scams would could mean they lose thousands.
12
th May 2021 8:57 am
Good morning and welcome to your Morning Briefing for Wednesday 12 May, 2021. To get this in your inbox every morning click here.
£500bn milestone
Last year saw some pretty big numbers bandied about as the chancellor and his team had to think fast to steady the economy as much as possible from the shocks of the coronavirus crisis.
Big numbers are not exactly strangers in the advised platform world. But a new milestone is now in town as advised assets under administration smashed the £500bn mark for the first time in Q1 2021.
Missing out
Talking of big numbers, a quarter of a million people isn’t exactly small fry, but that’s roughly the amount who are missing out on their state pension, according to research from LCP. Gender, disability and language barriers could all be playing a part in preventing people from getting what they are entitled to.
30 UK hotspots for crash for cash scams revealed. (Canva) Birmingham, Bradford, Leeds, Manchester and London are among the worst affected areas by “crash for cash” scams in the UK, new analysis has found. Crash for cash is an insurance scam where fraudsters deliberately cause dangerous road collisions, often targeting innocent people, in a bid to claim compensation and the Insurance Fraud Bureau (IFB) has listed the top 30 areas in the UK. The IFB helps insurers and police forces fight fraud and new research has been carried out to help disrupt organised fraud networks. Of 2.7 million motor insurance claims made across the UK in between the start of October 2019 and the end of 2020 identified more than 170,000 claims which could be linked to suspected crash for cash networks.