A growing number of investment schemes are being promoted unlawfully, are high risk and may even be scams.
We've identified a growing number of investment schemes in holiday lodges and holiday homes being promoted to UK consumers by companies that are not FCA authorised.They may be unregulated collective investment schemes, where several investors invest their money. The schemes are being promoted unlawfully, are high risk and may even be scams. We remind consumers that if you invest in an unauthorised company, you're unlikely to be protected if things go wrong. For example, you're unlikely to be able to take a complaint to the Financial Ombudsman Service or make a claim through the Financial Services Compensation Scheme.Before investing, use the FCA Firm Checker to make sure a firm is authorised and has our permission to provide the services you're looking for.Find out more about unregulated collective investment schemes.