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 …
Scammers who act as financial advisers and operate pension scams, don’t wear a badge to identify themselves – nor do they pay any redress for the devastation they cause. Oh no, of course they don’t! The scammers dress in snazzy suits, drive go-faster cars, sport posh briefcases and speak with a silky sales tune floating …
In January 2019, we saw legal challenges going forward against not one but two SIPPS providers for their roles in using and promoting unregulated investments. Berkeley Burke SIPPS Administration and Carey Pensions (the latter now owned by rogue QROPS trustee firm STM Group). Money Marketing has published an interesting article: ´SIPPS providers gear up for landmark court action´. They …
Another day, another voluntary ban taken by pension scammers, this time by those involved in the Henley Retirement Benefits and Capita Oak Pension Schemes. It seems there is still no justice for the victims of these financial crimes and there are no consequences for the directors of Transeuro Worldwide Holdings nor Imperial Trustee Services. These …
More bans but still no prosecutions – pension scammers lost in time Read More »
In the Pension Life office, we have been wondering how to get the information about pension scams more widely seen, heard and taken on board. We’d like to ensure the masses are educated and aware that pension scammers can strike from many angles, and with a variety of “deals”. Pension scammers must be stopped and …
In many pension scam cases, we find victims telling us that they were not informed about the hidden charges that were applied to their fund. This is why it is essential to warn the public about the hidden dangers of charges that ruin your pension investments. These charges often take a huge chunk out of …
Hidden dangers of charges that ruin your pension investments Read More »
Intro written by Kim: ‘This week Angie travelled for work (yet again): she had to fly from Granada to Barcelona. Disaster struck – her baggage sadly did not make the full journey -it’s sitting in the triangle of lost luggage no doubt. The airline – Vueling – whilst only providing the flight, was still happy …
The Nitwits were out in force this week. Brexit – like any other real, potential or imagined crisis – provides wonderful opportunities for pension scammers. Put people into a corner; wrap them in fear and uncertainty; set semi-literate politicians against each other; and carve out a nifty niche to scam away with deadly precision. Just …
BREXIT is the question on everybody’s lips at the moment. BREXIT: will we? won´t we? deal? no deal? So many unanswered questions and so much scaremongering. We would like to offer some helpful words and hopefully protect you from making rash decisions. This could help you to safeguard your pension. Many scammers are trying to cash …
SCAMMER JAILED! Hip hip hooray! we say. What a great start to the new year. Neil Bartlett, 53, of Delamere Road, Ainsdale, used £4.5m of his victims’ money to fund an extravagant lifestyle of foreign travel, top hotels and gambling. Bartlett was handed an eight year sentence for his involvement in the multi-million pound investment fraud …
Scammer jailed – hip hip hooray! – scammer jailed Read More »
In follow up to our blog ´Cold calling ban not approved´, we can confirm that as of the 9th January 2019, that companies who cold call with advice on pensions schemes could face fines of up to £500,000. Notice I highlight the word ´could´. If you have read our other blog you will already know that …
Fines to be imposed on cold callers, but will it really put a stop the scammers? Read More »
