The Personal Finance Society has launched a campaign to encourage Financial Planners to share warning signs of Coronavirus scams with their clients.

Financial Planning Wales, a Chartered Financial Planner firm, has become the latest firm to face a cloning scam as the FCA warned that scammers are using fake details of the company to try to con people.

More than 5m people have fallen victim to a financial scam since the Covid-19 pandemic or know someone who has.

The FCA has issued a scam warning about a firm called ‘My Scam Adviser’ which claims to help scammed investors recover their money.