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Retired detective lost life savings in a ‘clone firm’ investment scam

My husband and I have lost our life savings to a very professional investment scammer. We both received lump sums on retirement from the fire service and the police which we normally invest in bonds, changing every year. This year, when we were comparing interest rates, a relative recommended Vanguard. We Googled the website, emailed …

Two-thirds of working mothers lack summer childcare – UK survey

Nearly two-thirds of working mothers do not have enough childcare for school summer holidays, according to a poll that points to a deepening crisis in the UK. The poll by the Trades Union Congress (TUC) and the campaign group Mother Pukka involved more than 36,000 working mothers, and found that three in five expected to …

More than £2.3bn lost in a year as scams surge during pandemic

Consumers have been conned out of more than £2.3bn in the space of a year after a “devastating surge” in scams as fraudsters exploited the pandemic. The consumer body Which? found that in the year to April 2021, 413,553 instances of fraud were reported in England, Wales and Northern Ireland – an increase of 33% …

Towns trouser cash as billions earmarked for ‘levelling up’ in UK

The government’s levelling up agenda will result in billions of pounds being invested in projects across the United Kingdom. Ministers will use four new funds to finance large-scale renovations in seaside towns such as Hastings and Hartlepool, while also creating thousands of new jobs. The £4.8bn Levelling Up Fund will invest in infrastructure such as …

UK watchdog will not block Provident’s compensation scheme in court

The UK’s financial watchdog has announced that it will not formally oppose Provident Financial’s plans for its doorstep lending unit in court, even though it has said it does not support its compensation scheme for customers who were mis-sold loans. The Financial Conduct Authority (FCA) expressed its concerns in a letter to Provident Financial, saying …