Quilter chief executive Paul Feeney has written to the prime minister asking for online investment scams to be included in the government’s Online Safety Bill.

In the letter, sent yesterday (April 14), Feeney told prime minister Boris Johnson he is concerned that online search engines and social media platforms are not being held accountable for hosting scam content and advertisements, and that online investment scams need to be included within the scope of the new legislation.

The Online Safety Bill, which is expected to be put forward to parliament this year, is designed to provide a new regulatory framework for online safety. 

But Feeney said although this bill was not devised with investment scams in mind, the government should now consider its inclusion.

The letter says the government’s proposals for an online advertising programme, which will include measures to enhance how online advertising is regulated in the UK, will not “provide the…

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