The sheer scale of the financial scams and cons facing the UK came home to me this week with the publication of the FCA’s latest report on the many suspect financial promotions it had tackled over the past year.

IFA firm Continuum has warned advisers to be alert after a client was targeted by scammers in a sophisticated attack.

One in nine (12%) of UK adults have admitted to losing money to a financial scam in the last year.

The Financial Ombudsman Service has reported a record 8,734 fraud and scam cases in just a three-month period this year, the highest ever quarterly level.