5 Comments

  1. Terry Harvest
    February 19, 2018 @ 10:51 am

    This is the most ridiculous article I’ve ever read. Your comments aren’t even factually accurate – but I suppose when you’re hiding behind the facade of “rescuing pension scam victims” what’s a bit of factual evidence between friends.

    Charges are not “over” 20 million (please refer to genuine news articles where the author has actually done a basic level of research) and a ban on non standard investments including overseas property has been in place long before Jan….I should know, I tried to place one in my pension last year and it was rejected.

    Reply

    • Angie
      February 19, 2018 @ 11:46 am

      http://citywire.co.uk/new-model-adviser/news/james-hay-reveals-hmrc-elysian-fuel-penalty-could-be-20m/a1088686
      ‘The maximum potential sanction charge which may be assessed by HMRC against James Hay for the overall 2011-2015 period would be approximately £20 million, assuming all Elysian Fuels shares are deemed valueless at inception, and no underlying clients discharge their own tax liabilities,’ the firm said in a market statement.

      Reply

      • Terry Harvest
        February 19, 2018 @ 12:22 pm

        Exactly: “maximum”. Not charges “over”.

        Reply

  2. Daniel
    February 19, 2018 @ 12:27 pm

    This article is poorly written. I don’t think it’s even right. Should be taken down.

    Reply

    • Angie
      February 19, 2018 @ 12:33 pm

      Rather than quibbling about whether the blog is poorly written and the use of the word “Over”, why aren’t you commenting on why James Hay was condoning pension liberation?

      Reply

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