Scammers posing as FSCS request bank details

clock

Fraudsters claiming to be from the FSCS are cold-calling consumers to tell them they are in line for compensation.

The warning comes amid increasing awareness of the compensation body through high profile cases such as Keydata and cross-media advertising campaigns. "The FSCS has received information some people may have received calls during which consumers are told they may qualify for compensation and are asked for their bank details," the scheme said in an update. "People should not provide any information about their bank accounts or other personal information in response to these calls or emails. The FSCS will not cold call you and ask for your bank details." The FSCS has recently begun a ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read