MP responds to adviser worries over sophisticated 'Prudential' scam

Contacted Minister for State and Security

Hannah Godfrey
clock • 2 min read

Conservative MP David Davis has responded to an email from a financial adviser that stopped his client pouring money into a sophisticated 'Prudential' scam.

Daniel Williams (pictured), an IFA at Hull-based Morgan Williams, contacted Davis after a client nearly invested £150,000 into what looked like a genuine Prudential product. The scam, which claimed to be a product called the Prudential Fixed Interest ISA RMA Bond and promised guaranteed returns of 3.5% per annum on a five year fixed basis, was the most "sophisticated" Williams had ever seen. Following his client's close brush with the scam, Williams contacted his local MP David Davis to ask the government to do more to help combat financial crime by putting a legal obligation on socia...

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