Fraudsters are using the details of an authorised passported asset manger, the FCA has warned.

A group of fraudsters were jailed for a combined 17 years and nine months today for their part in an elaborate wine investment scam which conned nearly £1m out of investors, many of which were elderly and vulnerable.

Two brothers, who defrauded up to £17m from more than 200 elderly and vulnerable clients through their financial advisory business, are due to be sentenced today and could be jailed for 10 years.

The FCA has warned that fraudsters are claiming to use the name TSB try to con investors.