Coalition including PIMFA and IA call for Online Safety Bill to cover paid-for internet ads

More than £2.3bn lost in a year to scams

Pedro Gonçalves
clock • 2 min read
Which? says 413,553 instances of fraud were reported to Action Fraud in year to April, up 33% on previous year
Image:

Which? says 413,553 instances of fraud were reported to Action Fraud in year to April, up 33% on previous year

A coalition of consumer groups, charities and financial services industry bodies is renewing its call for the government to include paid-for online adverts within the scope of the Online Safety Bill, ahead of it being presented for pre-legislative scrutiny.

The coalition includes Which?, UK Finance, Martin Lewis and MoneySavingExpert, the Personal Investment Management and Financial Advice Association (PIMFA), the Investment Association (IA), the Asso...

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

Nicola Parish: “Our new scams combat plan sets out to make savers aware of the risk of scams"

Cost of living exposing savers to more scams, TPR warns

TPR scams strategy

Hope William-Smith
clock 03 August 2022 • 2 min read
David Ogden: The FCA's Consumer Duty rules and the importance of value

David Ogden: FCA's Consumer Duty rules and the importance of value

Good value 'particularly important'

David Ogden
clock 03 August 2022 • 5 min read
FCA tightens AR rules to cut mis-selling risk

FCA tightens AR rules to cut mis-selling risk

'Regulatory lacuna'

Jenna Brown
clock 03 August 2022 • 3 min read