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Current scams

For potential employees

M&G is aware of a scam where people are being invited to join groups on WhatsApp / Telegram by individuals claiming to represent M&G Human Resources department.

These invitations, which may use M&G branding, offer employment opportunities linked to online review work, subject to payment of an initial fee. We urge anyone receiving such an invitation to cease contact with the sender before reporting to the applicable social media provider. Please contact us at MandGFraud@mandg.com if you have been approached.

If you think you’ve been involved in any of the following scams

Additional Support

Fraudsters are creating financial comparison websites or websites advertising fraudulent investments.

These ask for your email address and telephone number. The fraudsters then contact you with a cloned Prudential email and brochure sent from a fake Prudential email address. While the email includes our logo and website details, it also contains fake telephone numbers and product information (perhaps in a brochure). The fraudsters may call and pretend to be someone from Prudential. They claim to be selling Prudential products such as:

  • Deposit Fixed Rate Saver
  • Fixed Rate Deposit Bond
  • Fixed Interest UK Growth Bond
  • Fixed Interest RMA Bond ISA Bond
  • Pru UK Bond ISA
  • Prudential International Investment Bond
  • Prudential or Prudential Plc Corporate Bond
  • Prudential Bond and Prudential Managed Investment Bond

This is not a complete list as fraudsters change product names frequently.

WhatsApp

Consumers are being invited to join groups on WhatsApp that suggest they have a link with M&G. They are also using the M&G logo without permission. Consumers are being encouraged to invest. This is likely to be a scam. Please contact us if you have been approached.

Recovery Firms

Fraudsters are contacting victims of previous scams pretending to be a firm or a well-known organisation that can recover money that has already been lost. They ask for a fee to help them fund the activity.

  1. Talk with trusted friends and family about any investment offer you’ve been given as this could help you spot a scam.
  2. Speak to Prudential using our Contact us page not the contact details given to you. Ask us to confirm we have contacted you about an investment.
  3. To speak to any other provider, use the contact details on the Financial Services Register.
  4. Reject any unsolicited or ‘cold’ calls that you receive and don’t give out any personal or financial information. Find out more about cold calls and investment scams on the Financial Conduct Authority website.
  5. Find out more about fraud and cyber-crime on the ActionFraud website the UK’s national fraud and cyber-crime reporting centre.
  6. Check the product being offered is definitely available by contacting Prudential.

 

Fraudsters are always out there and constantly changing their tactics so here’s some of the red flags that could help you to spot an investment scam:
  • Be vigilant - if a phone call or voicemail, email or text message asks you to make a payment, log in to an online account or offers you a deal that sounds too good to be true, be extremely cautious.
  • A fraudster may call you and claim to be from your bank or financial services provider - don't give away any personal details unless you are satisfied they are who they claim to be.
  • Fraudsters often use very convincing tactics to get you to sign up. Beware of anyone trying to pressurise you into making a decision.
  • Fraudsters will make an investment sound very appealing and will often suggest that it’s less risky than it is.
  • Fraudsters are persistent and will often try to form a relationship with you in an effort to build your trust. Beware of anyone who calls you repeatedly and/or anyone who tries to keep you on the phone for long periods of time.
  • You might be told that you’re receiving a very special and/or limited offer.
  • You might be told not to tell anyone about the offer you’ve been given.
  • Fraudsters are known to target previous victims of investment fraud, claiming that they can recover lost money. You might be asked to pay an upfront fee but these companies will not get back your money.
  • Some companies that run scams base themselves overseas to avoid regulatory requirements. Be cautious if a company that’s based overseas contacts you with investment opportunities.
  • If you think you have made a payment to an investment scam, contact your bank immediately to make them aware.