FCA warns savers over unregulated 'loan note' schemes
UKPulse Money Desk
The Financial Conduct Authority (FCA) has issued a warning to savers regarding unregulated 'loan note' schemes, also known as mini-bonds.
- Savers are reportedly investing millions into risky, unregulated 'loan note' schemes.
- The Financial Conduct Authority (FCA) warned savers about these schemes this month.
- The FCA's warning specifically mentioned loan notes sold by unregulated advisers.
Savers are reportedly continuing to invest millions into risky and unregulated 'loan note' schemes, despite a warning from the Financial Conduct Authority (FCA). These schemes are often referred to as mini-bonds.
The FCA issued a caution this month, advising savers to be wary of loan notes, particularly those sold by advisers who are not regulated.