Fraud
North America | 6 Feb 17
US adviser stole $5m for private jet service and Vegas house
A former Morgan Stanley investment adviser has been charged with stealing around $5m (£4m, €4.6m) from clients to rent a home in Las Vegas, pay for country club membership, and a private jet service.
Best Practice | 1 Feb 17
Zurich partners with pension advice service for scam helpline
Zurich UK Life has teamed up with The Pensions Advisory Service (TPAS) to pilot a pension scam helpline, offering impartial guidance to customers looking to transfer their savings into schemes that the life insurer has identified as suspicious.
North America | 30 Jan 17
Two charged in $81m ‘Hamilton’ musical Ponzi scheme
The US Securities and Exchange Commission (SEC) has charged two New Yorkers with raising more than $81m (£64.5m, €75.7m) through a Ponzi scheme that promised high returns by buying and selling tickets to see high-demand shows, such as Broadway musical Hamilton.
Best Practice | 30 Jan 17
Cold calling continues to rise despite proposed ban
In spite of warnings from government and the pensions industry, 7% of UK adults said they had released some or all of their pension savings as cash after being cold contacted, research from Phoenix Group has found.
United Kingdom | 26 Jan 17
UK financial compensation scheme issues phishing email alert
The Financial Services Compensation Scheme (FSCS) has warned consumers to be on their guard against an email scam promising a $5.7m (£4.5m, €5.3m) payment to encourage people to provide personal information.