Campaigning consumer group Which? says Google and Facebook are failing to remove online scam adverts even after fraud victims report them.

I was taken aback this week while watching the FCA’s virtual Annual Meeting by the strength of criticism by the FCA of Google and other search engines for failing to stem the tide of bogus financial advertising and the heartache and compensation bills that follow in its wake.

FCA chairman Charles Randell has lambasted scam investment advertising on Google and social media.

About 7% of the Personal Financial Society’s 40,000 members - equivalent to about 2,800 individuals - were furloughed by the end of April.