This week Henry Tapper wrote a blog entitled, “The wheels of the law turn (too) slowly”. He exposes the fact that when it comes to financial crime the justice system in place just isn´t enough. I think he was being generous with his title. The wheels of the law don’t just turn slowly – they just don’t […]
The wheels of the law don´t seem to turn at all Read More »
The financial services industry has failed with flying colours to achieve transparency – both offshore and in the UK. The single most important thing about any product or service is transparency – aka honesty. This is where the profession has tolerated – and even encouraged – bare-faced lying for years and continues to do so
Transparency Failure With Flying Colours Read More »
2,000 victims of fraudulent pension firms may be in with a chance of getting their funds back. In November, the FCA pushed for legal proceedings to go ahead against collapsed firm Avacade Limited, trading as Avacade Investment Options; and Alexandra Associates (UK) Limited, trading as Avacade Future Solutions. Past prosecutions made by the FCA: In 2016,
Pay back due from fraudulent pension firms Read More »
Here at Pension Life, we are constantly trying to raise awareness about pension scams. The Financial Conduct Authority – FCA – has also been busy. Pairing up with the Pensions Regulator – tPR – they have published the ScamSmart campaign with the slogan – Be ScamSmart with your pension. With the ScamSmart campaign, they have also
FCA launches new ScamSmart campaign Read More »
Victims of the unregulated property scheme Harlequin, may be disheartened to know that Alistair Burns has escaped with a reduced fine for his role as chief executive of TailorMade International. The FCA originally proposed Burns should face a fine of £233,600, along with a ban back in December 2016. However, the Upper Tribunal, whilst upholding the ban, has
TailorMade International – gets a tailor-made fine reduction Read More »
49-year-old Freddy David of Elstree, Borehamwood, of North London, faces six years in jail for conning millions of pounds out of people in his community through an investment scam. David, once a well-respected member of his community and former financial adviser, obtained money by deception to fund his gambling habit. Figures of his scam are
Jailed – adviser who gambled his investors´ money away Read More »
International Investment has written a jolly good article about the recent action taken by the UAE Insurance Authority – headed up by His Excellency Ibrahim Al Zaabi. I quote from Gary Robinson’s article: “In a statement on the Arabic version on its website the IA has issued a circular confirming the suspension (of Holborn Assets) for a
UAE REGULATOR DOES A BIT OF REGULATING Read More »
I like to have a good relationship with regulators. And believe me I have tried really really hard with the FCA. I didn’t have much of a relationship with the Pensions Regulator in the past. I asked for a meeting with Tinky Winky, tPR’s former executive director. He turned up with two lawyers (in case one
Pension Life is pleased to report that the FCA has woken up long enough to do a spot of regulating and has won an important case over the promotion of unregulated investment schemes. The firm flogging the schemes, Capital Alternatives, must pay back nearly £17m to investors. The FCA alleged that Capital Alternatives used “false,
A win for the FCA against Capital Alternatives Read More »
Holborn Assets Dubai – under the questionable leadership of Bob Parker – has been responsible for ruining quite a number of victims’ pensions. With a deft waggle of the Holborn Assets magic wand, a pension transferred from a gold-plated final salary scheme can be reduced by at least 50% in just a couple of years.
HYPOCRISY BY PARKER – HOLBORN ASSETS DUBAI – MONTFORT INTERNATIONAL Read More »
Steve Pimlott of Windsor Pensions is still scamming people out of their pensions. And seeking new victims on LinkedIn. Inviting people to: Transfer your frozen UK pensions to a QROPS He will charge between 10% and 20% and will use forged documentation from an obscure QROPS such as Danica and BSEC and then fool the ceding
WINDSOR PENSIONS STILL SCAMMING AFTER ALL THESE YEARS Read More »
JAMES HAY AND ELYSIAN BIOFUELS SCAM I always say that pension and investment scams happen because people, firms and authorities allow them to happen. This was very true in the Elysian Fuels pension liberation scam. Jack Gilbert of New Model Adviser broke the news today, 9.5.2017, of James Hay’s involvement in this: James Hay facing
JAMES HAY AND ELYSIAN BIOFUELS LIBERATION SCAM Read More »
