fraud

Investors lost £3m

More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.

The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice to reflect regulatory and legislative changes that have affected the industry over the last year.

Money-laundering and bribery claims

Average £91,000 lost to scams

Follows an FCA criminal law suit

Follows Hughes v Royal London case

Be prepared to invest in the right resources

'Alarm bells should have started ringing', FOS said

Charged in April, court proceedings have started