London Capital & Finance (LCF) bondholders have been warned about a new scam by the Financial Services Compensation Scheme (FSCS).

A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.

Investors have lost £25m to screen sharing scams as cases rise 86% year on year, according to the Financial Conduct Authority.

Sam Eustace, a former director of Kingsman Property Ltd, has been disqualified as a director for 11 years by the Insolvency Service.