The Scorpion Campaign was the Pensions Regulator’s attempt to warn the public and the industry against pension liberation scams. It wasn’t a bad try, but it failed. It was a bit like trying to stop a herd of stampeding elephants with a whoopee cushion. Henry Tapper, pensions actuary and dedicated blogger on pensions, posted this: […]
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JUSTICE MORGAN’S MAD MISTAKE (IN THE HIGH COURT OF JUSTICE, CHANCERY DIVISION) This judgement makes the law not just an ass, but a whole herd of donkeys. Dear Justice Morgan I refer to your judgment in the matter of Donna-Marie Hughes and Royal London Mutual Insurance Society Case Number CH/2015/0377 on 19th February 2016.
TRAFALGAR MULTI ASSET FUND (SUSPENDED) After the disasters of failed pension schemes Capita Oak, Henley and Westminster (aggregate of £20 million lost to over 500 victims through investments in Store First store pods – wound up by the Insolvency Service), there are now concerns about the suspended Trafalgar Multi Asset Fund of £20 million. The
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SALMON ENTERPRISES PENSION SCAM – THE WAY THE SCHEME WORKED James Lau, allegedly a financial adviser with Wightman Fletcher McCabe operating from an office in the Regus building, Great Pultney Street, Bank London. Lau explained the Salmon Enterprises pension scam to clients using a series of diagrams that members could release funds from a pension
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THE WAY THE PENNINES PENSION SCAM WORKED Members were targeted by “Cash From Pensions” and persuaded to transfer into Pennines to get an “unconnected loan” once they had transferred into the Pennines scheme which was invested in Hedge Capital. The scheme is now in the hands of Dalriada Trustees. There were around 143 victims with
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HOW THE LONDON QUANTUM PENSION SCAM WORKED The London Quantum pension scam was the brainchild of Stephen Ward. Ward’s firm Dorrixo Alliance was the trustee and administrator of the scheme. Dorrixo was also trustee for a number of other pension liberation scams such as Headforte and Southlands which were used for “loans” when Evergreen got
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HENLEY PENSION SCAM THE WAY THE SCHEME WORKED This was the “sister” scheme to Capita Oak, whose trustee was Imperial Trustee Services. The Henley trustee was Omni Trustees. Both Omni and Imperial were wound up by the Insolvency Service in the summer of 2015 and the two schemes had around £20m invested in Store First
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The Pensions Regulator is a UK body set up to regulate and aid occupational pensions. They follow legislative criteria and work to improve the administration of work-based pensions. They are a valuable resource for all parties involved with pensions; trustees, employers, pension specialists and business advisers. Their latest innovation is the updating of their trustee
The Pensions Regulator: Updated Trustee Toolkit Read More »
Edward Troup 11th March 2016 Chief Executive’s Office HM Revenue & Customs 100 Parliament Street London SW1A 2BQ Dear Mr. Troup HMRC’S ROLE IN SIX-YEAR PENSION LIBERATION FRAUD Congratulations on your appointment as head of HMRC. I am sure you will have a great deal of work on your plate cleaning up the
Edward Troup HMRC’S Role in Six-Year Pension Liberation Fraud Read More »
Below is a list of the ceding pension providers (CPPs) that are currently being dealt with at Pension Life and who have been facilitating financial crime. This is not a definitive list as we are currently dealing with an ever increasing pile of protected assessments appeals to process ahead of the deadline. We will be
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Dear Mr. Crabb – latest DWP Secretary Congratulations on your appointment as Secretary of State for Work and Pensions – DWP. I wish you well, and would ask you to engage urgently with the Ark Class Action representing hundreds of victims of pension fraud as we urgently need your help and support as we have
Crabb New Secretary of DWP Read More »
Pension scams have been a very clear and present danger since large-scale pension liberation fraud was unleashed on British pension holders on A day. Victims lose a life time of savings and face onerous unauthorised payment tax charges of up to 55% by HMRC. The latest one to come to our attention is a pension
KJK Investments Ltd. & G Loans Ltd. Another Pension Scam Revealed Read More »
