The FCA has issued a warning about scammers running a clone of Bestinvest, the well known direct investment and SIPPs firm run by Financial Planner and wealth manager Tilney.

The Association of British Insurers has warned the public to put the phone down on cold-callers passing themselves off as the ABI.

The Association of British Insurers has revealed that fraudsters are submitting a scam claim every minute of the day, underlining what it calls “the true extent of insurance fraud in the UK” which now amounts to £1.3bn a year.

As the joint FCA/TPR ScamSmart campaign kicked off yesterday the regulator posted a tweet of a would-be scammer living the high-life on a jet-ski.