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FCA receives nearly 5,000 reports of scammers impersonating regulator in H1


By Michael Griffiths

The Financial Conduct Authority (FCA) has received almost 5,000 scam reports of people impersonating the regulator in the first half of 2025.

Scammers are aiming to steal money by getting people to hand over funds or sensitive information, such as bank account PINs and passwords


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UK banks to invest over £1.8bn in AI by 2030

UK banks are projected to invest over £1.8bn into generative AI (GenAI) technologies by 2030, as they look to seek gains in productivity, cost-efficiency and service excellence, Zopa Bank has stated

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Pivotal Growth announces double bolt-on acquisition

Pivotal Growth has announced the acquisitions of More Choice Financial and McPolin Financial Services, to expand its presence across England and Northern Ireland

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56,000 mortgages completed under Govt’s guarantee scheme since 2021

A total 56,389 mortgages have now been completed under the Government’s mortgage guarantee scheme since it was introduced in in April 2021

Over half of BTL landlords plan to expand portfolios in next year

Over half (52%) of buy-to-let (BTL) landlords intend to purchase new properties within the next 12 months, Landbay research has found

Third of advisers targeting growth from existing clients

Over one in three UK advisers (36%) are planning to increase existing clients’ assets under their advice in an effort to grow their business organically, new research from NextWealth and Aegon has shown
UK bank branch numbers decline rapidly in five years, figures show

The number of bank, credit union and building society branches in the UK has declined by 34% in the space of five years, data from the Office of National Statistics (ONS) has shown

Savings providers and product choices reach record highs

The number of savings providers and product choices on the market reached respective record highs in August, Moneyfacts has revealed

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IHT receipts jump 8% year-on-year in July

Inheritance tax (IHT) receipts totalled £3.06bn in the four months to July, increasing by 8% year-on-year, HMRC has revealed

London and South East pays more IHT than Scotland, Wales and Northern Ireland combined

Financial estates in London and the South East paid almost three times more inheritance tax (IHT) than Scotland, Wales and Northern Ireland combined across the same tax year, new regional HMRC has data shown

IHT changes will ‘create confusion’ in Bank of Mum and Dad gifting – Key

Inheritance tax (IHT) receipts on unused pension funds are set to "create confusion and increase the risk of gifting mistakes" for the Bank of Mum and Dad, Key Advice has warned

Financial advisers and accountants report rise in clients struggling to pay tax bills

Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills, new research from Premium Credit has indicated

Fleet Mortgages publishes Renters’ Right Bill Guide

Fleet Mortgages has launched a new guide for advisers and landlords, ahead of the introduction of the Renters’ Rights Bill

FCA receives nearly 5,000 reports of scammers impersonating regulator in H1

The Financial Conduct Authority (FCA) has received almost 5,000 scam reports of people impersonating the regulator in the first half of 2025. Scammers are aiming to steal money by getting people to hand over funds or sensitive information, such as bank account PINs and passwords

Fernwood Financial Limited enters liquidation

Fernwood Financial Limited has entered liquidation, the Financial Conduct Authority (FCA) has announced

Forest Savers enters administration

Waltham Forest Council Employee Credit Union (WFCECU), trading as Forest Savers, has entered administration and has now stopped trading, the Financial Conduct Authority (FCA) has announced

Savings providers and product choices reach record highs

The number of savings providers and product choices on the market reached respective record highs in August, Moneyfacts has revealed

Three in 10 savers hold money in accounts with expired bonus rate

Three in 10 savers (30%) are losing out on interest by keeping money in a savings account where a short-term bonus has expired, Investec Save research has found

Third of advisers targeting growth from existing clients

Over one in three UK advisers (36%) are planning to increase existing clients’ assets under their advice in an effort to grow their business organically, new research from NextWealth and Aegon has shown

UK bank branch numbers decline rapidly in five years, figures show

The number of bank, credit union and building society branches in the UK has declined by 34% in the space of five years, data from the Office of National Statistics (ONS) has shown

John Cotton pension scheme completes £11m buy-in with Just Group

The John Cotton (Mirfield) Limited Retirement Benefits Scheme has completed an £11m full scheme buy-in with Just Group

ABB pension plan completes £700m buy-in with Aviva

The ABB Plan has completed a £700m buy-in with Aviva, securing the retirement benefits of more than 4,450 pensioner members and over 2,900 deferred members

Misys Retirement Benefits Plan completes £25m buy-in with L&G

The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members

Helaba Pension and Life Assurance Plan completes £36m buy-in with PIC

The Helaba Pension and Life Assurance Plan has completed a £36m buy-in with Pension Insurance Corporation (PIC), securing the benefits of all 156 pensioner and deferred members

Pivotal Growth announces double bolt-on acquisition

Pivotal Growth has announced the acquisitions of More Choice Financial and McPolin Financial Services, to expand its presence across England and Northern Ireland

Advised platform AUM rises amid highest net sales in three years

Advised platform assets under management (AUM) continued to rise in the second quarter of 2025, with net sales at their highest level in three years, analysis from The Lang Cat has revealed

Aberdeen agrees sale of financial planning business

Aberdeen has agreed the sale of its financial planning business to financial advice and planning firm, Ascot Lloyd, for an undisclosed sum

Inflation rises to 3.8% in July

UK inflation increased to 3.8% in July, creeping up from 3.6% in the year to June, the Office for National Statistics (ONS) has revealed

UK banks to invest over £1.8bn in AI by 2030

UK banks are projected to invest over £1.8bn into generative AI (GenAI) technologies by 2030, as they look to seek gains in productivity, cost-efficiency and service excellence, Zopa Bank has stated

Advisers facing uphill marketing battle, study finds

Financial advisers are facing an uphill marketing battle, according to a study from Unbiased which found that 44% of advisers named limited budgets as their biggest barrier to growth

PEXA to launch full UK proposition

PEXA has announced that it is launching its new full proposition to the UK market next month

Precise app accessed over 4,000 times in first year

Precise has revealed that its app has been accessed over 4,000 times in its first 12 months

News in brief - 28 August 2025

Today's round up of developments coming out of the consumer finance space, featuring London Credit, Phoebus and Skipton Building Society

News in brief - 27 August 2025

Today's round up of developments coming out of the consumer finance space, featuring Darlington Building Society, LHV Bank and ecmk

News in brief - 26 August 2025

Today's round up of developments coming out of the consumer finance space, featuring Molo Finance, Pivotal Growth and StreamBank

LMS joins The Conveyancing Association as affiliate member

The Conveyancing Association (CA) has appointed conveyancing technology platform, LMS, as its newest affiliate member

Lending with a difference: A conversation with Family Building Society’s Nathan Waller

With demand growing for more flexible mortgage solutions, Family Building Society is carving out a strong reputation in later life, family-assisted, and buy to let lending. We speak to Nathan Waller, Business Development Manager at Family Building Society, to discuss how they’re supporting brokers, addressing complex borrower needs, and adapting to an evolving market.

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

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