Invest in Our Sustainable Future - Thames Water Utilities & Morgan Stanley Bond

segovia

Anyone know anything about this?

Thought it was a scam at first but seems genuine. 

• Bond Tenure: 1-5 years
• Minimum Investment: £10,000.00
• Interest Rate: 8.25% Fixed
• FSCS Protection: Your investment is fully protected by the Financial Services Compensation Scheme (FSCS)

 

ColdIron

It's a blindingly obvious clone scam

These companies do offer investment bonds (which do not get FSCS protection or have a £10K minimum investment) but they don't offer savings accounts. You won't be dealing with TW or MS but someone purporting to be them

The idea is that because it looks superficially legitimate it will lure the unwary in

It's safe to disregard it without any further investigation

wmb194

segovia said:

Anyone know anything about this?

Thought it was a scam at first but seems genuine. 

• Bond Tenure: 1-5 years
• Minimum Investment: £10,000.00
• Interest Rate: 8.25% Fixed
• FSCS Protection: Your investment is fully protected by the Financial Services Compensation Scheme (FSCS)

Obvious scam is obvious. How did you come across this? Don't engage with anyone who's contacting you.

There will be (and I see that there is) a 8.25% Thames Water corporate bond listed on the LSE and they'll claim you can invest in it at this rate. You cannot, and your money will be stolen.

Eyeful

1. The FTSE 100 current yield = 3.84%
    FTSE 100 yield x 2 = Very High Risk (in my opinion)

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

3. Low Risk Savings Bonds come from either:(a) NS&I (b) Banks & Building Societies which are regulated & are covered by FSCS.

4. Other Bonds are unregulated investments & are not covered by the FSCS. So there is the potential of loosing all your money. This is where is were Bond Scams occur, so investors need to be very careful.

5. Them saying that you are fully protected by the FSCS when you are not & the very high rate of interest use to attract investors, indicate this is a Scam.

6. How did you come across this item?

jimjames

Eyeful said:

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

The real product actually neither. It's a genuine corporate bond offering 8.25% which isn't overly high risk. However what is being offered to the OP is a scam using the genuine name of a Thames Water bond but nothing to do with them. Yet another attempt to scam people out of their money

Eyeful

jimjames said:

Eyeful said:

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

The real product actually neither. It's a genuine corporate bond offering 8.25% which isn't overly high risk. However what is being offered to the OP is a scam using the genuine name of a Thames Water bond but nothing to do with them. Yet another attempt to scam people out of their money

We both know this, but new members may not. This is the second time something similar has appeared on this forum in 2 days. With the increase of interest rates, I expect to see more of these bond scams to occur. I hope that my post might give new members a simple way of telling the difference. It would have helped to avoid a number of past bond scams.

segovia

Eyeful said:

1. The FTSE 100 current yield = 3.84%
    FTSE 100 yield x 2 = Very High Risk (in my opinion)

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

3. Low Risk Savings Bonds come from either:(a) NS&I (b) Banks & Building Societies which are regulated & are covered by FSCS.

4. Other Bonds are unregulated investments & are not covered by the FSCS. So there is the potential of loosing all your money. This is where is were Bond Scams occur, so investors need to be very careful.

5. Them saying that you are fully protected by the FSCS when you are not & the very high rate of interest use to attract investors, indicate this is a Scam.

6. How did you come across this item?

Email, I have reported it

eskbanker

Eyeful said:

jimjames said:

Eyeful said:

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

The real product actually neither. It's a genuine corporate bond offering 8.25% which isn't overly high risk. However what is being offered to the OP is a scam using the genuine name of a Thames Water bond but nothing to do with them. Yet another attempt to scam people out of their money

We both know this, but new members may not. This is the second time something similar has appeared on this forum in 2 days. With the increase of interest rates, I expect to see more of these bond scams to occur. I hope that my post might give new members a simple way of telling the difference. It would have helped to avoid a number of past bond scams.

But your post is positing that something offering more than twice the FTSE 100 yield is inherently suspicious because of that rate, whereas the point is that the rate is available from low(ish) risk genuine investments and it's other factors that ring the alarm bells, such as fake promises of FSCS cover, unsolicited contact, cloned URLs/email addresses, etc.

segovia said:

Eyeful said:

6. How did you come across this item?

Email, I have reported it

To whom?

segovia

eskbanker said:

Eyeful said:

jimjames said:

Eyeful said:

2.  3.84 x 2 =  7.68%
    So this could be either (a) Scam  or  (b) Very High Risk investment

The real product actually neither. It's a genuine corporate bond offering 8.25% which isn't overly high risk. However what is being offered to the OP is a scam using the genuine name of a Thames Water bond but nothing to do with them. Yet another attempt to scam people out of their money

We both know this, but new members may not. This is the second time something similar has appeared on this forum in 2 days. With the increase of interest rates, I expect to see more of these bond scams to occur. I hope that my post might give new members a simple way of telling the difference. It would have helped to avoid a number of past bond scams.

But your post is positing that something offering more than twice the FTSE 100 yield is inherently suspicious because of that rate, whereas the point is that the rate is available from low(ish) risk genuine investments and it's other factors that ring the alarm bells, such as fake promises of FSCS cover, unsolicited contact, cloned URLs/email addresses, etc.

segovia said:

Eyeful said:

6. How did you come across this item?

Email, I have reported it

To whom?

report@phishing.gov.uk <report@phishing.gov.uk>

eskbanker

segovia said:

eskbanker said:

segovia said:

Eyeful said:

6. How did you come across this item?

Email, I have reported it

To whom?

report@phishing.gov.uk <report@phishing.gov.uk>

Might be worth going direct to the FCA too, unless they're already aware of it, e.g. https://www.fca.org.uk/news/warnings/morgan-stanley-msaccountsuk-clone-fca-authorised-firms

Eyeful

eskbanker

But your post is positing that something offering more than twice the FTSE 100 yield is inherently suspicious because of that rate, whereas the point is that the rate is available from low(ish) risk genuine investments and it's other factors that ring the alarm bells, such as fake promises of FSCS cover, unsolicited contact, cloned URLs/email addresses, etc

Please state the genuine lowish risk investments that are now paying a yield of twice the FTSE 100.

.Twice the FTSE 100 yield I find useful first filter when thinking of risk and scams. I agree with you the other factors also ring alarm bells.