Fraudsters are using the details of 7IM and Royal London, the FCA has warned.

Scammers have set up ‘clone firms’ of both companies.

The FCA says fraudsters usually set up clone firms “when contacting people out of the blue, so you should be especially wary if you have been cold called.”

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Royal London Asset Management (clone of FCA authorised firm)

Telephone: 07509299299

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’.

It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Royal London Asset Management Ltd (RLAM)

Firm Reference Number: 141665

Address: 55 Gracechurch Street, London, EC3V 0RL

Telephone: 0207 506 6500

Website: www.rlam.co.uk

Royal London Asset Management Ltd (RLAM) was established in 1988 and is a wholly owned and central part of the Royal London Group.

It does not offer loans.

The clone firm of 7IM is called Seveninvest Management Limited.

The details of the clone firm are:

Address: 56 Bishopsgate, London, EC2N 3AS

Website: www.sevenim.org

An FCA warning read: “Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.”

The authorised firm’s details are:

Firm Name: Seven Investment Management LLP

Firm Reference Number: 589124

Address: 3rd Floor, 55 Bishopsgate, London, EC2N 3AS

Telephone: 0203 823 8702

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.7im.co.uk