In 2022/23 the Financial Ombudsman Service received 21,918 fraud and scam complaints, a rise of almost a fifth compared to the 18,450 reported in 2021/22.

The Insolvency Service has warned investors about a recent increase in recovery room scams, where crooks prey on investment scam victims.

Fewer than one in three pension fraud reports (29%) submitted to Action Fraud are referred for police investigation, according to a new report.

Abrdn’s European High Yield Bond Fund and Strategic Bond Fund have been cloned by scammers, according to a warning issued by the FCA.