PIMFA and IA part of coalition calling for inclusion of paid-for online advertising in Online Safety Bill

More than £2.3bn lost in a year to scams

A coalition of consumer groups, charities and financial services industry bodies is renewing its call for the government to include paid-for online adverts within the scope of the Online Safety Bill, ahead of it being presented for pre-legislative scrutiny.

The coalition includes Which?, UK Finance, Martin Lewis and MoneySavingExpert, the Personal Investment Management and Financial Advice Association (PIMFA), the Investment Association (IA), the Association of British Insurers and the Money and Mental Health Policy Institute. It comes as research from Which? found that the growing shift towards everyday tasks being carried out online following the onset of the pandemic has led to a devastating surge in scams. Quilter urges Government crackdown on investment scams in Online Safety Bill Action Fraud figures, in the year to April 2021, ...