Quilter launches clone scam reporting tool

The provider said the tool would allow anyone who thinks they have been exposed to - or fallen victim to - an impersonation or cloning scam linked to Quilter's branding or marketing to blow the whistle. It said the information received by Quilter would assess the legitimacy of the investment proposition and the consumer would get a response the next working day. Quilter said investment scams which impersonate regulated financial services firms had grown significantly in recent years - up 634% since 2010. It added so-called clone scams made up 37% of call Financial Conduct Authority wa...