Pension Life

STM Fidecs' Alan Kentish and David Easton avoided the humiliation of a public court appearance and will now be letting Deloitte inspect their dirty books.

STM FIDEC’S VARIOUS NEFARIOUS BOOKS

STM Fidecs has played its “get out of jail free” card, avoided January’s court hearing and agreed to “cooperate” with the Gibraltar Financial Services Commission (GFSC)  – allowing auditors Deloitte to probe STM’s dirty books. I was more than a little miffed because I was looking forward to a nice day out in Gibraltar.  I […]

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Julian Hanson – why pension scammers must be prosecuted

Julian Hanson – why pension scammers must be prosecuted. And jailed. BARRATT AND DALTON PENSION SCAM: The Pensions Regulator has announced that on 23 January 2018, four pension scammers have been ordered to pay back £13.7 million they stole from their victims. BARRATT AND DALTON PENSION LIBERATION SCAM: 245 victims had their pension funds stolen

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Say NO to structured notes for pensions! - Pension Life. Commerzbank, RBC, Nomura and Leonteq are among the rogue providers of these toxic, illiquid investments which should not be used for pensions.

Say NO to structured notes for pensions!

Structured notes – say NO to them if an adviser wants to invest your pension in them.  They are high-risk investments which are for professional investors ONLY – and not for ordinary retail investors  – especially pensions. Say NO to structured notes for pensions! Structured notes have been used as pension investments for some years. 

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Pension Life Blog - Salmon Enterprises Scheme Pension Scam

Salmon Enterprises Pension Scam – how it all worked

SALMON ENTERPRISES PENSION SCAM – THE WAY THE SCHEME WORKED James Lau, allegedly a financial adviser with Wightman Fletcher McCabe operating from an office in the Regus building, Great Pultney Street, Bank London. Lau explained the Salmon Enterprises pension scam to clients using a series of diagrams that members could release funds from a pension

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PENNINES: A PENSION SCHEME SCAM

Pennines Pension Scam: How it worked

THE WAY THE PENNINES PENSION SCAM WORKED Members were targeted by “Cash From Pensions” and persuaded to transfer into Pennines to get an “unconnected loan” once they had transferred into the Pennines scheme which was invested in Hedge Capital.  The scheme is now in the hands of Dalriada Trustees. There were around 143 victims with

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evergreen a stephen ward pension scam

Evergreen QROPS Pension Scam and Marazion Loans

EVERGREEN RETIREMENT TRUST QROPS PENSION SCAM AND MARAZION LOANS THE WAY THE SCAM WORKED When Ark got shut down in June 2011, Stephen Ward flew to New Zealand and set up the Evergreen NZ QROPS liberation scam with Simon Swallow of Charter Square.  Ward also set up a “loan” company in Cyprus called Marazion.  He

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Pension Regulator Trustee Toolkit

The Pensions Regulator: Updated Trustee Toolkit

The Pensions Regulator is a UK body set up to regulate and aid occupational pensions. They follow legislative criteria and work to improve the administration of work-based pensions. They are a valuable resource for all parties involved with pensions; trustees, employers, pension specialists and business advisers. Their latest innovation is the updating of their trustee

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The Pensions Ombudsman decision ot reject a pension transfer is squashed by high court

Justice Morgan Disaster

The Justice Morgan Disaster was a real setback for justice for victims of pension scams and emasculated the pensions ombudsman.  Shame on the High Court. Judgement in the matter of Donna-Marie Hughes and Royal London Mutual Insurance Society Case Number CH/2015/0377 on 19th February 2016 In the High Court of Justice, Chancery Division Letters to:

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