Warning: The people you trust are stealing from you

The big institutions we used to trust to look after our savings and other financial policies are taking you for granted, says Tom Bulford. Check what you're paying and what you're getting in return. And if necessary, take your business elsewhere.

Today, I have a very important message for you: a warning to be on the lookout for 'robbery' from the people you thought you could trust.

Before I explain what I mean, it seems like my mobile phone number has found its way onto another scam target list. Just a couple of weeks ago I was complaining about Melanie, the girl who pestered me to buy vintage wine. Since then I have answered three calls from a guy trying to sell me land in Western Australia - land which I doubt exists any more than the vintage wine does.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.