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FCA blocks 1 in 4 new firms from entering market

 

The FCA halted 1 in 4 firms from entering the retail finance market in a six month period in 2021 as it stepped up its war on scammers.

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MPs urge new agency to tackle financial scams

The Treasury Committee has urged the government to set up a new agency to combat the growing problem of financial fraud and scams in its new report on economic crime.

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Investment fraud scams rise by 42%

Investment fraud offences rose by 42% in the year to September 2021, according to the latest figures from Action Fraud.

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More must be done to report pension scams says TPR

It said that all advisers, administrators, trustees and providers should take responsibility for protecting pension savers by joining its pledge to combat pension scams.

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