When we buy certain products, they have a warning on them. Cigarette packets, for instance, state that smoking is bad for your health. The wrappers show hideous images of what might happen to you if you use tobacco. However, when it comes to investments, the ‘advisers’ selling dangerous investments are able to disguise the risks […]
Hidden charges that destroy your pension funds Read More »
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 »
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 »
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 »
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
NOVIA GLOBAL VS OLD MUTUAL INTERNATIONAL 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
Pension scammers must be stopped 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
Vueling v Old Mutual International Read More »
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
Expats and Brexit – Safeguard your pension Read More »
FT adviser published an article entitled, Cold calling ban approved by committee. However, do not get too excited as it hasn’t actually been approved by Parliament or got anywhere closer to being included in UK legislation. Plans to ban cold calling were announced back in August 2017. Scammers love to cold call their victims and hard
Cold calling ban still not approved Read More »
As 2018 draws to a close, a recap is in order to review the year’s progress in the war against pension scammers. Let us not forget – in the immortal words of the Pensions Regulator’s Lesley Titcombe: “scammers are criminals“. However, the sad truth is that most of them have not been prosecuted or jailed.
Scammers are criminals. So why aren’t they in jail? Read More »
International Adviser and the Old Mutual International/Quilter Scams. Today’s jolly: “Future Advisory Forum Europe 2018” at the Courthouse Hotel, Shoreditch, will see a number of players in the financial services industry discussing – presumably – financial services in 2018. I’ve looked at the agenda, however, and I can’t see anything about pension scams or investment scams
International Adviser and the Old Mutual International/Quilter Scams Read More »
All victims of the Continental Wealth Management pension scam will agree – this kind of disaster must never be allowed to happen again. Here´s Pension Life´s take on what happened in the CWM CONference given by Darren Kirby. The CWM advisers. . . Dean Stogsdill * Alan Gorringe * Richard Peasley * Neil Hathaway, but to name
