Investing
FCA warns consumers on IFA clone
In a statement out on Tuesday, the FCA warned a firm operating as Pawlaks Group Asset Management is using one of the registered office addresses of IFA OCM Wealth Management when contacting consumers.
The FCA considers the firm to be a ‘clone’ of the authorised IFA and has warned consumers to be “wary” if they are contacted by the firm.
“This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called,” it said.
“They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.”
Pawlaks pretends to be located at 315 Midsummer Boulevard, Milton Keynes and has stated www.pawlakgroup.com as its website.
The FCA has previously warned of a scam operation pretending to be Devon-based advice firm Investment & Financial Solutions Partnership.
It also found scammers were impersonating advisers from international advice firm deVere and forging the firm’s stationary to dupe clients.
Tag Box
There are 0 Comment(s)
Everything you wanted to know about ISAs…but were afraid to ask
The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...
Your right to a refund if travel is affected by train strikes
There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...
Could you save money with a social broadband tariff?
Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Five tips for surviving a bear market mauling
The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...
Money Tips of the Week
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.