In a new development, scammers are using fake letters and phone calls to pose as the Financial Conduct Authority (FCA) to target authorised firms and consumers.

Leicester-based Financial Planning firm Trust Financial Planning has become the latest to be hit by clone scammers producing a fake replica of the firm's website.

The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.

Scam enquiries to the Financial Conduct Authority (FCA) surged by a third between April and September 2021.