The Financial Conduct Authority (FCA), the UK's regulator, has said it has identified 30,000 instances of unregulated activity in the last year and needs more investment to better tackle pension scams. Mark Steward, the FCA chief, told Paliament's Work and Pension Select Committe today the regulator has received more than 10,000 fraud-related cases reported to its contact centre in the last 12 months and within that number, many relating to pension fraud. Steward said: "Within that fie...
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