The FCA has issued a warning to Financial Planning firms to be wary of scam text messages which claim to have been sent from the regulator.

The Financial Conduct Authority is leading a global campaign of action to tackle illegal finfluencers who are scamming and conning consumers. 

The FCA has issued a warning that scammers are cloning the details of a genuine professional body to cheat the public.

The Financial Ombudsman Service (FOS) has warned consumers to be wary of a growing number of financial scams after complaints to the FOS about scams and fraud topped 31,000 last year.

HMRC has warned taxpayers to be vigilant after receiving more than 4,800 reports of Self Assessment scams since February.

Nikhil Rathi, chief executive of the FCA, has called on financial services firms to back financial education and support services to improve consumer capability.

The sheer scale of the financial scams and cons facing the UK came home to me this week with the publication of the FCA’s latest report on the many suspect financial promotions it had tackled over the past year.

IFA firm Continuum has warned advisers to be alert after a client was targeted by scammers in a sophisticated attack.

One in nine (12%) of UK adults have admitted to losing money to a financial scam in the last year.

The Financial Ombudsman Service has reported a record 8,734 fraud and scam cases in just a three-month period this year, the highest ever quarterly level.