Isle of Man or Isle of Scam? After publishing the recent Pension Life blog about fraud operated and facilitated in Malta – it became clear there was an urgent need to shut down the rogue Maltese QROPS trustees. These firms act as the intermediary between the fraudulent secret commissions paid by the Isle of Man […]
ISLE OF MAN – OR ISLE OF SCAM? Read More »
MALTA – THE ALTAR OF FRAUD Malta has a long history of facilitating not just massive-scale pension fraud, but all types of financial fraud as well. Recent reports indicate a sharp increase in fraud cases and financial losses in the grubby little island of Malta. A corrupt jurisdiction where neither the financial regulator nor the
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Blackmore Bond – yet another reason why only regulated advisers should be used for investment advice. The clear link between the recently-failed LCF Bond and Blackmore Bond through Surge Group remind us how important regulated investment advisers are. In the news again is the troubled Blackmore Group. This time we read that they have ‘temporarily’
Blackmore Bond – yet another failed investment? Read More »
Malta has announced changes to the way their QROPS funds will be regulated. The changes will come into effect from 2nd July 2018, meaning that clients introduced by an adviser regulated only for insurance business will not be accepted as an investment adviser. A letter this week from STM Malta reads: “We are writing
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