A property investment company and a connected security trustee firm have been wound up by the courts after defrauding £2.85m from clients who believed their investments were protected.

Last year only two pension fraud cases a month were passed to the police to investigate despite nearly 400 reports to Action Fraud.

A fraudster who swindled the pension scheme of a charity out of more than £250,000 has been ordered to pay back the money he stole.

The City of London Police have recovered £3m from a former Hertfordshire-based HBFS Financial Services boss who was found guilty of running a Ponzi-scheme in 2018.