News and Knowledge

Six million UK consumers scammed online in past year – Can I get my money back?

According to figures from Which?, more than six million online shoppers have fallen victim to a scam in the past year.   Meanwhile, social media platforms and online marketplaces have become the most common place for people to get scammed.     Figures reveal that approximately 6.6 million British shoppers have lost money to scams…

Just Loans Group – All your options to recover your lost pension

If you have lost money after being contacted by St Pauls Marketing Limited or after transferring your pension to a Self-Invested Personal Pension (SIPP) with Gaudi Regulated Services, you may be entitled to compensation.   St Pauls Marketing Limited cold-called thousands of people, offering them a “free pension review.” Following the review, customers were encouraged…

10 Black Friday scams to look out for

If you are looking to bag a bargain this Black Friday, remember to remain vigilant of scams – especially if you’re shopping online.   Unfortunately, fraudsters use Black Friday as a way to trick consumers into parting with their cash for products that don’t really exist, or as a way to gain access to bank…

Black Friday scam warning issued to shoppers ahead of festive season

A warning has been issued ahead of Black Friday to prevent bargain hunters from being scammed.   The warning comes after figures show that there has been a rise in reported losses to online shoppers during the festive season.     According to GCHQ’s National Cyber Security Centre (NCSC) and Action Fraud, clothing, high-end tech…

Financial Ombudsman reveals that fraud and scam complaints have hit highest ever level

The Financial Ombudsman Service (FOS) data released by them on the 4th September 2024 shows that fraud and scam complaints are at their highest ever quarterly level.   The FOS data reveals that: More than 8,700 fraud and scam cases were submitted in just a three month period Over half of these cases were in…

Online shopping scams you may need to look out for this Christmas

As we approach the end of the year, shoppers may be looking out for Black Friday sales or finishing up on their Christmas shopping hunting for deals.   We share some concerns you may need to watch out for.     E-mail scams and text messages for online shopping Scammers can target victims by sending…

PSG SIPP Limited under investigation – What it means for customers

This week, the Financial Services Compensation Scheme (FSCS) announced that another self-invested personal pension scheme (SIPP) has been put under investigation.   An investigation into PSG SIPP Ltd (PSG) was launched on October 28 after the firm fell into administration earlier this month.     Christopher Allen and Adam Stephens of Evelyn Partners have been appointed…

£16,000 recovered for former Deputy Headteacher after falling victim to an investment scam

Dr. Stratford found himself a target of an Authorised Push Payment (APP) investment scam where both his bank and FCA regulated ISA manager failed to notice or provide warnings to Dr. Stratford.   On the 19th April 2021 Dr. Stratford sent £15,000 to a scam investment, Albermarle Capital via his ISA Manager, Northern Provident. He…

5 steps to take if you realise you have been a victim of a scam 

In 2024, unfortunately, scams are getting harder to identify as they can seem very genuine, professional and sophisticated.   If you find that you are a victim of a scam, don’t panic. Being scammed can be a very distressing time and can have more than just a financial impact.     Here are 5 simple…

£85,000 to be refunded within five days under new Payment Systems Regulators rules for APP scams

The Payment Systems Regulator have introduced new APP fraud re-imbursement protections.   What is APP fraud? Authorised Push Payment (APP) Fraud is a type of financial crime and happens when individuals are tricked into sending money, under false pretences, to a fraudster via bank transfer. APP fraud is the most common type of financial scam…