It’s been distressing to witness the recent reports of everyday Kiwis falling victim to sophisticated scammers. It’s evident that there’s a need for our banking industry to enhance efforts to safeguard against these predators.

We’ve noticed a few recurring themes that might contribute to these scams:
1. Overconfidence: Some individuals may feel capable of handling transactions and due diligence independently. However, seeking advice from professionals can provide valuable support. The team at Accelerate is here to assist you. Feel free to reach out to us for guidance.
2. Lack of understanding of the risk-reward relationship: It’s important to consider why larger international banks based offshore might offer higher interest rates compared to local banks. This situation can raise questions. Generally, larger banks are considered safer, thus they may offer lower rates of return than local banks.

Remember, if you’re uncertain or considering an investment, it’s wise to consult professionals you trust. Financial advisers, like those at Accelerate, can steer you towards secure investment options. All our investment options undergo thorough research and fall under the supervision of NZ authorities.
The following link to the Financial Markets Authority is also worth saving for future reference as they try to track and publish known Scams:

Scams | Financial Markets Authority (fma.govt.nz)

We are here to help and always happy to hear from you. Our job is to give you peace of mind and confidence around your investment and insurance plans.