Over £612m was lost to investment fraud in 2023, according to new data from crime reporting service Action Fraud.

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

Investment fraud offences rose by 42% in the year to September 2021, according to the latest figures from Action Fraud.

Just 1 in 700 reported fraud cases reported in 2019 resulted in a conviction, despite an increase in the number of investment frauds reported.