Financial scammers are returning to using phone calls to target landline users despite the fact pensions cold calling has recently been banned, HMRC has warned.

Organised crime groups led by married couples or families are running pension scams worth millions of pounds, according to The Pensions Regulator.

A carbon credit fraudster sentenced to eight years in prison in his absence in January is believed to be now running a business in Dubai and is wanted by police.

The FCA has warned about the growing threat of investment scams as it revealed £197m of fraudulent losses were reported last year.