There are a huge number of people in the country who have invested their savings or pensions into Unregulated investments, often not knowing that they are unregulated. This means that they are not covered by the Financial Services Compensation Scheme if the investments fail or go into administration. Thousands of people across the country have lost millions of pounds and often are too embarrased to come forward about it. As the investments are unregulated they can be carried out by people who not only are not regulated, but are generally have no financial qualifications or experience. Lots of "introducers" are encouraging people to move their pensions or investments as they are also paid huge commissions, usually between 10% and 20% on their whole investment. We need the FCA to stop allowing unregulated collective investments schemes altogether. Pension and investment advice should only be allowed to be carried out by fully qualified Financial Advisers who are authorised and regulated by the FCA. Anyone who has paid into a pension during their working days or saved money whilst they have been working should have the financial back up of the industry. I'm sure that if most investors were given the full facts then most of them would not put their savings or investments at such high risk. There are a huge number of non qualified people around the country who are making an enormous amount of money and when the clients investments fail then they can walk away as they are not regulated. There are loads of examples around including Harlequin Property in the Caribbean, Stirling Mortimer, Armadillo Energy, Arck – investors who put money into these off-piste schemes are all now struggling to get their cash back, and in many cases are chasing the "advisers" who recommended them. The FCA's role is to protect the public and unless Unregulated investments are banned then they are failing the public.