A fifth (20%) of IFAs do not have protective measures against fraud and scams in place, leaving them at risk of an incident or attack, new research from global research and insights agency Opinium reveals.

In addition, just over one in three IFAs (35%) report being subjected to scam and fraud threats, with slightly fewer than a third (31%) having experienced an increase in attempts to compromise their businesses in the past year. Despite this, one in three respondents (35%) do not currently train their staff in how to spot potential threats and protect themselves and the business.