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Spectacularly unsuccessful fraudster jailed for two years

Fraudster Manraj Virdee was sentenced to two years in jail for running a ‘spectacularly unsuccessful’ investment scheme that netted £600,000 mainly from friends and...

Investment Scams Cost Victims £29,000 Each

It’s the tax year end and fraudsters are lying in wait to trick unwary investors out of their cash, a financial consumer watchdog is warning. The...

UK Looks At Cryptocurrency Guidelines For Traders

British financial watchdogs want to draw up guidelines for consumers and traders dealing with cryptoassets in the UK. The Financial Conduct Authority (FCA) has issued...

Regulator Tightens Noose On Rogue Pension Advisers

Financial regulators are launching new pension transfer rules in a bid to stop rogue advisers ripping off retirement savers. The Financial Conduct Authority (FCA) is...

Pension Misselling Set To Become Next Financial Scandal

Pension misselling is expected to become the next big financial scandal with insurers and advisers taking a hit of billions of pounds. The industry estimates...

Financial Watchdog Takes A Bite Out Of Platform Fund Charges

Financial watchdogs want to beef up competition between online platforms to give consumers a better deal from investing in funds. The move comes after a...

76% Of CFD Traders Lose Money On Their Deals

Financial firms making big profits from controversial CFD trading say new rules controlling the market are too strict. CFDs - contracts for a difference -...

Scammers Snatch £87,000 A Day From Online Investment Fraud

Fraudsters are getting away with more than £87,000 a day from scams advertised on social media, according to financial watchdogs. Government regulator the Financial Conduct...

Pension Transfer Advice Crack Down May See IFAs Quit

Fewer financial advisers may offer pension transfer advice after a clear warning from watchdogs that all their dealings with clients are under scrutiny. Financial firms...

‘Devious’ £1.4 Million Boiler Room Scammer Jailed

£1.4 million boiler room scheme mastermind Samrat Bhandari has been jailed for 42 months by a crown court judge. Branded as ‘self-centred and devious’ Bhandari...

Boiler Room Scammers Guilty Of £1.4m Fraud

Scammers raised £1.4 million from hundreds of unwary investors by claiming worthless shares in a health care company would generate stellar returns. The gang tricked...

Free Pension Advice Is A Scam, Warns Watchdog

Free pension advice is a scam, according to a leading consumer watchdog The warning has gone out to anyone contemplating moving their pension savings away...

Beware Of Cryptocurrency CFDS, Warns Financial Watchdog

Financial watchdogs are warning investors and speculators to stay away from cryptocurrency CFDs over concerns about how easily money can be lost in trading. CFDs...

Poor Financial Advice Triggers Millions Of Complaints

Leaving a financial adviser to manage savings and investments can be seriously damaging to your wealth, according to complaints statistics from consumer watchdogs. Banks, financial...

Cold Calling Ban Put Back As Scammers Step Up Campaign

Fraudsters are stepping up their efforts to get their hands on people’s life savings with a flood of cold calls – while a British...

Chance Of Decent Pension Transfer Advice Is Only 50:50

Retirement savers taking advice about switching out of a final salary pension have a 50% chance of receiving suitable advice, according to financial watchdogs. After...

Final Salary Pension Transfer Dilemma For IFAs

Financial watchdogs are cracking down on recommendations financial advisers are offering retirement savers who want to transfer out of direct benefit pensions. The Financial Conduct...

Pension Firms Still Ripping Off Savers With High Charges

Financial watchdogs have revealed pension providers are still ripping off hundreds and thousands of retirement savers with high charges. Around 300,000 savers have smaller than...

UK Consumers Report 32 Financial Scams Every Day

One in eight calls to financial watchdogs are concerns about pension and investment scams, the latest official figures reveal. The Financial Conduct Authority (FCA) is...

Suspended Property Funds Trigger Investment Review

Consumer watchdogs are stepping in to stop property funds from refusing to give investors their money back during a financial crisis. Despite having built large...