1. Consumers May Have ‘Blind Spot’ When It Comes to Retirement Fraud

    Consumers May Have ‘Blind Spot’ When It Comes to Retirement Fraud

    Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns.

    Nearly 80% of American consumers are concerned about financial fraud, according to a LIMRA Secure Retirement Institute study, “Financial Fraud and Retirement Accounts: An Opportunity to Engage, Educate and Build Trust.” And even though a quarter report they have been a victim of financial fraud, the levels of concern vary significantly across the different types of financial products.

    Concern about credit card fraud was found to ...

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