FCA
Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
Collapsed wealth firm charged investors 20% fees
And pushed advisers to promote its portfolios to DB pension transfer and Sipp clients
Five million Brits at risk of succumbing to a pension scam
Research shows a ‘worryingly large number of people’ could fall victim to common fraudster tactics
Concerns over number of dedicated FCA pension scam staff
Select committee questions whether it has ‘sufficient resource’ to combat fraud
Diversity push cannot be top down, says FCA
Financial watchdog hopes to lead by example but other companies need to up their game