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.

The FCA has issued a warning over a “scam” wealth management firm, which it says, is operating without authorisation.

Some victims of pension scams have lost more than £1m in savings each to fraudsters, new statistics have revealed.

The FCA has today issued a warning about a clone of Vanguard Investments set up by scammers in an attempt to con UK investors.