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From the blog: Two in every five people are not confident they could tell the difference between a scam and a genuine investment.

That's according to a survey by financial adviser Portal Financial, which assessed 1,000 people aged over 55 across the UK.

As a result those individuals are vulnerable to investment scams with terms attached that are more attractive than any genuine scheme.

Nick Cleeve | August 27, 2015

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Pension savers lack confidence on scams