FCA updates warning on unauthorised Smart-ISA at smart-isa.co and smart-isa.cc
The FCA updated its warning that Smart-ISA (smart-isa.co, smart-isa.cc) is not authorised and may be targeting people in the UK.
- First reported
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Source: fca.org.uk · published
What happened
The UK Financial Conduct Authority updated its warning on Smart-ISA on 15 October 2026 (first published 3 August 2026). The FCA says Smart-ISA is not authorised and may be providing or promoting financial services without permission and may be targeting people in the UK.
Contact details listed on the warning include mobile numbers 07441996332 and 07441947399 and the websites https://smart-isa.co/ and https://smart-isa.cc/. The FCA advises people to avoid dealing with the firm.
How the scam works
The FCA says almost all firms and individuals must be authorised or registered by it to carry out or promote financial services in the UK. If you deal with an unauthorised firm you won't have access to the Financial Ombudsman Service, and you won't be protected by the Financial Services Compensation Scheme if things go wrong, so it is unlikely you would get your money back.
Unauthorised firms often use websites and phone numbers that look professional, and may give contact details belonging to another business so that the information looks genuine.
Note: the FCA warning does not describe how this firm approached people; this section reflects the FCA's general guidance.
Source
Financial Conduct Authority, warning "Smart-ISA" (updated 15 October 2026).
Red flags
- A firm offering investments or financial services that isn't on the FCA Register.
- An 'ISA' offered by a firm you can't find on the FCA Register, especially one contacting you from a mobile number.
- Unexpected contact by phone, email or social media about an investment.
If you were targeted
- 1Don't deal with the firm or send it money.
- 2Check any financial firm on the FCA Firm Checker and use only the contact details listed there.
- 3If you sent money to a fraudster on or after 7 October 2024, contact your bank: you may be covered by Payment Systems Regulator reimbursement protections.
- 4Report the firm to the FCA and report fraud to Action Fraud (or Police Scotland).