Cloned cash Isas; big wins from little nudges; and a pension hit for mixed-age couples - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Beware of cloned Isas: scammers are pushing fake savings plans online Savers are being targeted by "a plague" of cloned Isas that look identical to offers from the industry's leading names, warns this Sunday Times article. According to the piece, the paper has uncovered hundreds of "rogue products masquerading as the real thing", with official-looking paperwork, website addresses and authorisation details. In one example of its investigation, the Sunday Times says it was directed to what appeared to be an Axa Investment Managers cash Isa paying 3% over a year — almost double the top ra...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
