Month: February 2019

Time for all pension providers to wake up and stop pension scams

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 »

Cold calling scammers target expats after the ban in UK – BBC4 You and Yours

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 »

More negligence from trustees Berkeley Burke – Store First

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 »

Death of the Life Bond (Life of the Death Bond?)

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 »

No more bogus life assurance policies in Spain

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 »

Scroll to Top