The FCA has issued a warning about scammers running a clone of Bestinvest, the well known direct investment and SIPPs firm run by Financial Planner and wealth manager Tilney.

The FCA has must pay an investor after falling victim to a scam which was blamed on the regulator’s “woefully inaccurate” register. 

The FCA has warned that fraudsters are claiming to use the name TSB try to con investors.

The FCA has warned that fraudsters are using a cloned version of Vanguard Asset Management as a front to try and cheat investors.