20% Black Hole in Blackmore Global It is no secret that we have little confidence in the Blackmore Global Group run by Phillip Nunn and Patrick McCreesh – two of the scammers who promoted Capita Oak and earned nearly £1 million from providing “leads” for the cold callers. Capita Oak is now under investigation by […]
20% Black Hole in Blackmore Global Read More »
Ten Essential Standards For Pension Advice: The ongoing war against pension scammers continues with no sign that the end is near. The authorities stand idly by – facilitating mis-selling and outright fraud. HMRC happily registers pension scam after scam after scam (followed by tax demands). Prosecutions are few and far between. The only conclusive way to
Ten Essential Standards For Pension Advice Read More »
When we buy certain products, they have a warning on them. Cigarette packets, for instance, state that smoking is bad for your health. The wrappers show hideous images of what might happen to you if you use tobacco. However, when it comes to investments, the ‘advisers’ selling dangerous investments are able to disguise the risks
Hidden charges that destroy your pension funds Read More »
The recent PSIG (Pension Scams Industry Group) Scams Survey Pilot 2018 has identified seven “key” findings in their survey. As scam watchers, we are well aware of these points and are, of course, glad they have been highlighted. PSIG’s key finding are set out below. So let us admit one key fact: ALL PENSION SCAMS START WITH A
Time for all pension providers to wake up and stop pension scams Read More »
Every year we are seeing an increase in the number of victims falling for pension and investment scams. Despite warnings in the public domain and a huge array of information about how to avoid falling victim to a scam, it seems the scammers are so skilled at their sales techniques, that even the cleverest of
Cold calling scammers target expats after the ban in UK – BBC4 You and Yours Read More »
Another victim of Berkeley Burke SIPPS investments into Store First storage pods has come forward. 55-year-old factory worker Robert McCarthy, of Ebbw Vale, said he has lost more than £30,000 through a Self-Invested Personal Pension (SIPP). He was duped into the transfer and investment by unregulated firm Jackson Francis which was liquidated in 2014. His investment
More negligence from trustees Berkeley Burke – Store First Read More »
Attention financial advisers in Spain/who provide financial advice to Spanish residents. 18th February 2019 DEATH OF THE LIFE BOND: The Spanish insurance and pensions regulator, the DGS, made a judgment against Costa Blanca-based Continental Wealth Management (CWM) on 10.1.2019. The order (translated and summarised below) confirmed that there are strict regulations in Spain for
Death of the Life Bond (Life of the Death Bond?) Read More »
The Spanish Insurance Regulator – the DGS (Dirección General de Seguros y Fondos de Pensiones) – has made a most welcome judgment. This outlaws the mis-selling of bogus life assurance policies as investment “platforms” – aka “life bonds”. Read the translated summary below. The iniquitous practice of scamming victims into these expensive, pointless bonds – so
No more bogus life assurance policies in Spain Read More »
Blacklist – “The Pension Scam (No 69)” By far the best US crime thriller series (IMHO) on Netflix has got to be Blacklist. Utterly mesmerising is the star Raymond Reddington (played by the superb James Spader). Reddington manages to be simultaneously as camp as a row of tents, and macho as the All Blacks. The
Blacklist – “The Pension Scam (No 69)” Read More »
The sophistication of investment scams has reached new levels in Singapore LeeSeongWee I “borrowed” this blog from my Twitter friend in Singapore who clearly understands and cares about investment scams – and the inability of the inept authorities to do anything about them. This is true not just in Singapore but throughout the world –
Sophisticated Scams in Singapore Read More »
Just as predicted, the scammers have managed to sidestep the cold-calling ban on pension selling by using a slightly different tactic. No surprise there then. Just as they morphed from pension liberation into high commission investments, it was only a matter of time – well just two weeks to be precise – before a firm
Is there no escape from the cold-calling, snake-oil salesmen? Read More »
The problem with money is that it blows away if you don’t hold it down, tie it up or stuff it down your knickers. That’s why you need to put it somewhere safe: in a shoe box on top of the wardrobe; under your mattress; in the safe or – if you’re feeling really brave
NOVIA GLOBAL VS OLD MUTUAL INTERNATIONAL Read More »
