The FCA has urged members of the public who lost money in an unauthorised scheme called the Churchgate Trading Syndicate and who may be eligible to receive some of their money back, to get in contact with the FCA.

The FCA and The Pensions Regulator (TPR) are joining forces again this summer to warn the public about fraudsters targeting people’s retirement savings - as they revealed up to five million were at risk from scammers. 

The High Court has consented to an order by which UCIS firms and directors will pay funds to the FCA for distribution to investors.

Two people have been jailed for a combined six years after being found guilty of five counts on insider dealing.