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Evening Standard
Evening Standard
Vicky Shaw

People considering investments opportunities urged to use new firm checker tool

FCA Financial Ombudsman Service
Social media, texts, and phone calls are common places for bank transfer scams, unauthorised consumer investments or pensions-related fraud to start (picture posed by model/Dominic Lipinski/PA) - (PA Archive)

The City regulator has launched a “firm checker” tool to help prevent people from losing money to fraudsters.

The Financial Conduct Authority (FCA) said that around 800,000 people reported losing money to investments or pensions‑related scams in the 12 months to May 2024.

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