The Financial Conduct Authority (FCA) has warned former clients of Wales-based financial advisory firm Synergy Wealth and London-based investment manager Westbury Private Clients to be wary of fraudsters contacting them.
The UK watchdog believes con artists may be offering to review these customer’s pensions and arrange a transfer for an inappropriately high fee.
It believes that a third party has provided contact details to companies believed to be linked to so-called “recovery rooms”.
The FCA said: “These are fraudsters who approach investors who have been scammed or had failed investments, offering to help them get their money back for an upfront fee.”
