Regulator soft launches £2.5m scam checker tool to help protect consumers

‘FCA Firm Checker’ is live for small number of users

Isabel Baxter
clock • 1 min read

The Financial Conduct Authority (FCA) has built an updated scam register, allowing consumers to check whether a financial services firm is authorised.

It is understood that the regulator spent £2.5 million on its ‘FCA Firm Checker' and is in addition to its existing financial services register. The checker will provide an easier way for consumers to check a financial services firm is authorised and has the correct permissions by using the Financial Services Register data but presents it in a way that should make it easier for consumers to understand. It will only show firms and information relevant to consumers, uses simpler language, and makes it easier to spot unauthorised and scam firms. The regulator confirmed that it has tes...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

More on Regulation

IHT receipts hit £3.2bn

IHT receipts hit £3.2bn

Up by £100m on last year

Isabel Baxter
clock 21 August 2026 • 3 min read
FOS outlines reforms to complaints process

FOS outlines reforms to complaints process

FOS/FCA joint thematic review to come later this year

Isabel Baxter
clock 11 August 2026 • 3 min read
John Healey's first Autumn Budget set for 28 October

John Healey's first Autumn Budget set for 28 October

Government looks to "kickstart growth in every postcode"

Isabel Baxter
clock 03 August 2026 • 2 min read