The Financial Conduct Authority (FCA) has committed to upping its investment in using data to tackle online fraud faster.

More than half (53%) of High Net Worth individuals say they have been victims of a financial scam - a 10% rise in just six months.

A total of 488 people have so far completed a Pensions Safeguarding Guidance anti-scam interview since the new FCA pension transfer rules were introduced at the end of November.

Social media companies and search engines will be responsible for preventing paid-for scam adverts on their platforms under a new amendment to the draft Online Safety Bill.