Stay updated with breaking news from Transparency Task Force. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Financial Conduct Authority (FCA) is leaving itself open to judicial review if it refuses to change tack on its proposed consumer duty, the Transparency Task Force has warned.
Eight million targeted by pension scammers in fraud epidemic Number of attempts to steal savings is spiralling as tricksters prey on the vulnerable Scammers are increasingly used websites to lure unsuspecting victims Credit: Jake Hawkins/TMG Almost eight million people in Britain have been targeted by fraudsters attempting to trick innocent pension savers out of their life savings. The number of pension scams has rocketed during the pandemic and it has quickly become one of the most common types of fraud. The number of reported crimes has jumped 45pc this year compared with 2020, according to...
Thousands of British investors lost cash in the German property scheme Credit: Lorna Milligan Thousands of British savers have been pushed to the brink of financial ruin after placing their money into a toxic German investment scheme that later collapsed. More than £1.5bn has been invested in German Property Group, more commonly known as Dolphin Trust, but the firm, which sold loan notes to fund the purchase and renovation of derelict German buildings, filed for bankruptcy last July. The group lured investors with the promise of annual returns of 15pc and said a £100,000 investment would re...