United Kingdom
Pension scheme fraudster jailed for 40 months
Rise of sinister scams ‘is a serious stain on society and needs eradicating’
FCA under scrutiny over handling of failed firm
Investigation will also focus on the regulation on purchase of mini-bonds by retail investors
Advice firms get 5 days to tell FCA about inadequate PI cover
As ombudsman compensation limit more than doubles to £350,000 from 1 April 2019
Over 125,000 people have lost money to pension scams
Around a quarter of a million retirees have been contacted by fraudsters at least once
UK regulator logs 31% drop in misleading adverts
FCA said its powers are an ‘effective deterrent’ but it still has four requests a week, on average