Pension Scams

Dolphin Trust – a matter of serious regret

Dolphin Trust is now called The German Property Group. Former founder and director Charles Smethurst has left. Hundreds – possibly thousands – of investors (lenders) are now hung out to dry. Dolphin isn’t answering the phone as people are desperate to find out if and when they will get their money back. Dolphin has a […]

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Is your IFA a snake in the grass?

An elderly lady consulted Hollingsworth International Financial Services in Malta about her life savings in 2011. She told Hollingsworth’s employee Paul Tilbrook she wanted her funds invested safely and cautiously. Her savings amounted to over £400,000 and she wanted to move them to a safe pair of hands to make sure her capital was protected. The adviser promised her that her money would not only be protected, but that it would be “actively managed” to ensure diversity and growth. In reality something very different happened.

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Pension Life Blog - Keep Calm and just avoid OMI/quilter - Peter Kenny Structured products

Keep Calm: Just avoid OMI/Quilter

OLD MUTUAL INTERNATIONAL HYPOCRISY OVER NEW MALTA REGULATIONS OMI’s Peter Kenny advises the industry to “keep calm”. He obviously wants to be able to keep flogging these useless, pointless and exorbitantly expensive insurance bonds to thousands of innocent victims. With the announcement of new regulations in Malta for QROPS, International Adviser has quoted managing director

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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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Three words about pension scams

Three words about pension scams

Can I have a word please?  In fact – can I have three words? free loophole sophisticated Now, these are not just any old words – they are the keys the scammers use to unlock victims’ savings and make huge amounts of money out of destroying innocent people’s retirement income: http://www.professionaladviser.com/professional-adviser/feature/2441535/revealed-the-top-three-watchwords-in-pension-liberation-scams Let´s look at these

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KJK Investments Scam Pension Schemes

KJK Investments and G Loans Pension Liberation Scam

HOW THE KJK INVESTMENTS AND G LOANS PENSION LIBERATION SCAM WORKED Members were told their pensions would be transferred into a SIPP managed by Corporate and Professional SIPP providers and a separate loan would be arranged through G Loans which was certified to be non-taxable by Optimum Tax Solutions.  Now the victims are facing 55%

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Windsor Solutions Scam Pension Scheme

Windsor Pensions Pension Liberation Scam

THE WAY THE WINDSOR PENSIONS PENSION LIBERATION SCAM WORKED Members were persuaded to transfer their pension into a QROPS and with a hefty transfer fee of at least 10%.  The rest was liberated with no attempt to even try to clock the transaction in a “loan” vehicle.  In fact, the transfers never went anywhere near

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ANOTHER Scam Pension Scheme Westminster

Westminster Pension Scam – R. P. Medplant

HOW THE WESTMINSTER PENSION SCAM WORKED The Westminster pension scam was administered by Stephen Ward among others. Same sponsoring employer as Capita Oak i.e. R. P. Medplant Ltd. Cyprus.  Same transfer administration spreadsheet using the same colours, spelling mistakes, names etc.  The trustee of the Westminster pension scam was Thames Trustees. The trustee of the

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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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