FCA warns consumers on IFA clone

Carmen Reichman
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The Financial Conduct Authority (FCA) has warned of a scam operation pretending to be Devon-based advice firm Investment & Financial Solutions Partnership.

The regulator said the clone firm operates under a similar name - Investment & Financial Solution Partnership LLP - and uses the same Devon address as the IFA, which is run by Helen Mulvaney and Ian Pennicott. The scammer also operates a website under www.ifspllp.co.uk, which the real firm does not have and uses email addresses [email protected] and [email protected]. It is likely the clone firm will contact people out of the blue, so "you should be especially wary if you have been cold called" the FCA said on its website. It also warned the tricksters may be using some of th...

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