FCA warns unauthorised firm Prime Yield Assets (primeyieldassets.com) may be targeting UK consumers
The UK FCA added Prime Yield Assets (primeyieldassets.com) to its Warning List on 2 November 2026, saying the firm is not authorised and may be targeting UK consumers. It urges people to avoid the firm.
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Source: fca.org.uk · published
What happened
The UK Financial Conduct Authority (FCA) added Prime Yield Assets to its Warning List on 2 November 2026 and published a warning that Prime Yield Assets is providing or promoting financial services or products without its permission. The FCA says the firm is not authorised by it and may be targeting people in the UK, and it urges people to avoid dealing with it and to beware of scams. The FCA lists the firm's address as Huish Champflower, Taunton, TA4 2EX, its email as support@primeyieldassets.com and its website as primeyieldassets.com.
How the scam works
The FCA explains what this means for consumers. Almost all firms and individuals must be authorised or registered by the FCA to carry out or promote financial services in the UK. If a person deals with an unauthorised firm, they will not have access to the Financial Ombudsman Service if they want to complain, and they will not be protected by the Financial Services Compensation Scheme if things go wrong, which means it is unlikely they would get their money back if the firm goes out of business.
The listing gives only a postal address in Somerset, an email and a website, and no telephone number. The FCA stresses that such details may be incorrect, so the address should not be taken as proof that the firm operates there. The FCA also warns that some firms give incorrect contact details, including postal addresses, telephone numbers and email addresses, and may change them over time. They may also give details that belong to another business or individual, so that the information looks genuine. The warning does not describe specific victims or how the firm approaches people.
The FCA advises dealing only with firms it authorises, checking them on the FCA Firm Checker and using the contact details listed there, especially if a financial business contacts you unexpectedly. It notes that people who sent money to a fraudster on or after 7 October 2024 may be covered by protections introduced by the Payment Systems Regulator. Anyone approached by an unauthorised firm can call the FCA on 0800 111 6768 or use its contact form.
Source
Financial Conduct Authority warning “Prime Yield Assets”, published 2 November 2026 (fca.org.uk).
Red flags
- Prime Yield Assets is not authorised by the FCA but may be targeting people in the UK.
- No access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong.
- A website at primeyieldassets.com offering financial products without FCA authorisation.
- A UK postal address in Taunton, plus an email address, as the only contact details listed.
- Contact details that may be wrong, may change, or may belong to another business.
If you were targeted
- 1Avoid dealing with Prime Yield Assets and do not send it money.
- 2Check any financial firm on the FCA Firm Checker and use only the contact details listed there.
- 3Be wary when a financial business contacts you unexpectedly; look it up yourself before replying.
- 4If you sent money, contact your bank straight away; protections may apply for payments made on or after 7 October 2024.
- 5Report approaches by unauthorised firms to the FCA on 0800 111 6768 or through its contact form.