Financial advisers need “robust” processes to protect clients from fraudsters as scammers turn towards wealthy victims, according to national financial advice firm Continuum.
Authorised push payment fraud losses rose to £576.4m, up 19%, in 2025 according to data released today (15 June) from UK Finance, £221.5m of which was investment fraud, an increase of 40% year-on-year. Continuum noted criminals have shifted from hacking systems into manipulating people, with 248,070 authorised fraud cases recorded last year, a rise of 7%. With the data suggesting fraudsters are turning their focus to a smaller number of wealthier individuals, Continuum said financial advisers need to ensure their own processes are robust and their clients well versed in the risks of s...
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