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Top tips to help older people protect their money from investment scams

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dailyrecord.co.uk

scam victims in the past year has been aged over 55, losing nearly £26,000 on average, according to a bank's data.Lloyds Bank said that while the majority of victims tend to be younger, older customers aged 55-plus typically lose around five times the average amount lost by younger ones.Some 26 per cent of investment scam victims in the past 12 months were people over the age of 55, with the average amount they were losing was £25,944.The remaining 74 per cent of scam victims who were 54 or under lost £4,486 on average.More than half (51%) of investment scam victims were people age 18 to 34, with an average loss at £2,000 as victims will have had less time over their lives to save.Paul Davis, retail fraud prevention director at Lloyds Bank,.

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