Clone scammers have targeted Marks & Spencer’s financial services arm by setting up a fake website to try to con savers.

The number of investment scams fell 29% to 3,647 cases in the first half of 2024 (H2 2023: 5,114 cases), according to new data from professional body UK Finance.

Wealth Solutions (UK) Limited (FRN:478217) has been hit by a clone attack by fraudsters.

The FCA has issued warnings over five unauthorised crypto asset, forex and CFD firms operating in the UK without any permissions from the regulator.