Check your Financial Adviser is authorised.
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Is your adviser genuine and authorised? Always check a firm is authorised by the FSA, or is the agent of an authorised firm - before you do business with them. If they are not authorised and things go wrong you will NOT have access to complaints procedures and compensation schemes. To use the FSA firm check you need to know the name of the firm and it may help to know the postcode. Simply enter these details and our register of firms will tell you whether they are on our list and what business they can do.
Click here to use the FSA Firm Check current FSA register. The FSA have published a list of unauthorised firms that are currently targeting UK investors. For more information about types of fraudulent activity see Scams and Swindles which will help you recognise warning signs and common practices of fraudsters. The OFT have published a Guide and information on Scams Frauds that covers financial service scams and others. |