Investors risk losing life savings with unregulated services, watchdog warns

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City AM

Investors risk losing life savings with unregulated services, watchdog warns

The UK’s financial watchdog has warned everyday investors could lose their life savings if they pump cash into high-risk unregulated investment services. The Financial Conduct Authority (FCA) has said the recent failure of Woodville Consultants, a litigation funder which raised cashed through unregulated loan notes, had revealed the risks facing investors. Woodville collapsed in July [...]