Fraudsters posing as FCA contact Active Wealth clients - regulator

'Third party may be involved'

Tom Ellis
clock
FCA: "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."
Image:

FCA: "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."

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 compensati...

To continue reading this article...

Join Professional Adviser

 

  • 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

Sub-committee to intervene at consultation paper stage.

Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock 27 June 2022 • 2 min read
Irish advice firm under investigation by FSCS

Irish advice firm under investigation by FSCS

25 cases upheld by FOS

clock 24 June 2022 • 3 min read
Jessica Rusu, chief data, information and intelligence officer, FCA, said: "We are continuing to improve our data, technology and capabilities to act decisively in consumers interests, while making it easier for firms to report to us." 

FCA updates data strategy to tackle online scams

‘We can stop serious harm faster’

clock 23 June 2022 • 2 min read