Fraudsters posing as FCA contact Active Wealth clients - regulator

'Third party may be involved'

Tom Ellis
clock • 1 min read

Fraudsters who are claiming to be from the FCA are contacting former clients of Active Wealth, the regulator has warned.

The Financial Conduct Authority (FCA) said the fraudsters are pretending to be from the financial watchdog, offering to assist former clients of British Steel adviser Active Wealth claim compensation for mis-sold pensions and investments. The FCA said: "We have been made aware that a third party may have provided information about former clients of Active Wealth to another entity. While we are investigating this, we want to ensure that consumers are aware of the issue in case they are contacted.  "The fraudsters may tell you some of your personal information, such as your date of birt...

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 complaints: Pensions and investment gripes on the rise

FCA complaints: Pensions and investment gripes on the rise

Total number of financial services complaints hits 1.85 million

Jenna Brown
clock 23 October 2025 • 1 min read
Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 21 October 2025 • 1 min read
Regulatory pressure continues to 'weigh' on advisers

Regulatory pressure continues to 'weigh' on advisers

Consumer Duty and FCA reporting cited as biggest regulatory demands

Jenna Brown
clock 20 October 2025 • 1 min read