News
Reporting on fraud, review manipulation, misleading information and the work of protecting consumers and honest businesses.
19 articles tagged fca
The FCA has released a statement alerting pension holders to a rise in the number of online scammers targeting pension pots. "A total of £2,241,774 has been reportedly lost to pension scammers since the start of 2021 (January 2021-May 2021). Some victims of pensions scams are reluctant to report that they have been sca
The Financial Conduct Authority has published the following article on their website. “The FCA has announced proposals to stop the practice of ‘claims management phoenixing’, by banning Claims Management Companies (CMCs) from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant conne
The Financial Conduct Authority is calling on consumers to remain vigilant for fraudsters offering instant cash loans. After previously warning of an increase in unscrupulous scammers preying on unsuspecting victims during the pandemic, they are reporting that Monva Ltd is the latest firm to be targeted by such clone f
The Financial Conduct Authority has issued a warning to consumers to be alert for investment scams involving clone firms. “Clone firms are fake firms set up by scammers using the name, address and ‘Firm Reference Number’ (FRN) of real companies authorised by the FCA. Once set up, these fraudsters will then send sales m
The Financial Conduct Authority (FCA) has issued a warning about Claims Network Limited, which has been providing financial services or products in the UK without authorisation. "This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated a
The Financial Conduct Authority (FCA) has issued a warning about Bigstonemax, which has been providing financial services or products in the UK without authorisation. "This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities w
The Financial Conduct Authority (FCA) has issued a warning about a fraudulent firm, Fast Loan UK / Fast Finance UK Ltd, masquerading as FCA authorised UK Leadtech Ltd / JDB Enterprise Group Ltd. "This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so
A letter sent to chief executives concentrates on multiple failings by claims management companies and comes with the warning that action must be taken to address their concerns; that often CMCs are willing to hand over poorly investigated cases with negligible chances of success. The Law Society Gazette has summarised
The Financial Conduct Authority (FCA) has issued a warning about a fraudulent firm, Liverpool Victoria Financial Services, masquerading as FCA authorised Liverpool Victoria Financial Services Limited. "This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the bl
The Financial Conduct Authority (FCA) has issued a warning about British Cash Loan, which has been providing financial services or products in the UK without authorisation. "This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activi
The Financial Conduct Authority (FCA) has issued a warning about a fraudulent firm, Scottish Widows, masquerading as FCA authorised Scottish Widows Limited. "This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you
The Financial Conduct Authority (FCA) has issued a warning about Renewable Energy Investor, which has been providing financial services or products in the UK without authorisation. "This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulate
