Fewer than one in three pension fraud reports (29%) submitted to Action Fraud are referred for police investigation, according to a new report.

A 35-year-old London man has pleaded guilty to being a key figure in running a website used by fraudsters who are believed to have conned 200,000 UK consumers out of over £43m.

Three individuals behind an investment fraud which conned £1.2m from UK investors have been convicted and sentenced to a total of 24.5 years.

The FCA has begun criminal proceedings against four individuals allegedly involved in a £1.4m investment fraud involving a number of firms, including two ‘cloned’ firms.