Police take action as binary options fraud grows to £59m

City of London Police have joined forces with the FCA, Trading Standards officers and HMRC to carry out a ‘day of action’ to highlight the growing problem of ‘binary options’ investment scams which have seen investors lose over £59m in five years.

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4 in 10 adults under 35 prefer online financial advice

Some 39% of younger adults aged 25-34 would seek financial advice online and say they would “not need to talk to someone” - underlying a generational gap in the desire to seek financial advice.

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Major study finds 15m failing to pay into a pension

The FCA’s Financial Lives Survey, published today, has revealed that 15m working people are failing to pay into a pension and are making little provision for retirement.

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FCA chief exec says “big changes” under way on fund fees

Financial Conduct Authority chief executive Andrew Bailey has said that the regulator will push ahead with its plans to shake up the fund management sector to give investors better value for money.

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