Former Charlton Athletic footballer Richard Rufus has been jailed for seven and half years for a £15m investment scam.

The Financial Conduct Authority is prosecuting five people for involvement in an alleged £1.2m ‘binary options’ investment fraud between 2016 and 2020 and an attempted cover up in 2022.

Harlequin chairman David Ames, the man behind a £226m SIPP-based fraud which hit 8,000 victims, was today jailed at Southwark Crown Court for 12 years.

The Pensions Regulator has revealed a decline in the number of penalty notices it issued for breaches of auto-enrolment rules.