Beware this bogus funds scam

The Financial Services Authority has issued a warning about a company selling bogus funds pretending to be Invesco Perpetual. Ruth Jackson reports, and rounds up the rest of the week's personal finance news.

The Financial Services Authority (FSA) has issued a warning that a rogue company is pretending to be Invesco Perpetual and attempting to sell bogus funds. The FSA has warned investors to be on their guard for anyone attempting to sell them funds with the same name as Invesco Perpetual products or a similar name. The funds being marketed include an Asian precious metals fund and a gold and precious metals fund.

The real Invesco Perpetual has described this as a "sophisticated attempt at fraudulently acquiring investors' money". It has also reminded investors that the firm is not authorised to give out investment advice and would never make cold calls to make investment recommendations. Anyone who believes they have been approached by the fraudulent firm is advised not to respond in any way and to notify the FSA on 0845-606 1234.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.