The Pension Scams Industry Group (PSIG) has carried out a pilot survey on pension scams. The survey has identified seven key findings and concluded that most scams are carried out by rogue advisers and unregulated “introducers”. This is something we write about regularly, so it is great that PSIG has finally caught up. Henry Tapper […]
Lack of knowledge leads to loss of funds – rogue advisers Read More »
Pension Life is now submitting complaints to the Pensions Ombudsman against ceding pension trustees who handed over members’ pension funds to scams and scammers. These negligent transfers have ruined thousands of lives and cost victims hundreds of millions of pounds’ worth of losses. Some victims have already died and others are contemplating suicide. Complaints against negligent
PENSION OMBUDSMAN COMPLAINTS AGAINST NEGLIGENT CEDING TRUSTEES Read More »
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 »
Scammers who act as financial advisers and operate pension scams, don’t wear a badge to identify themselves – nor do they pay any redress for the devastation they cause. Oh no, of course they don’t! The scammers dress in snazzy suits, drive go-faster cars, sport posh briefcases and speak with a silky sales tune floating
POOF! – there goes your whole life savings Read More »
In January 2019, we saw legal challenges going forward against not one but two SIPPS providers for their roles in using and promoting unregulated investments. Berkeley Burke SIPPS Administration and Carey Pensions (the latter now owned by rogue QROPS trustee firm STM Group). Money Marketing has published an interesting article: ´SIPPS providers gear up for landmark court action´. They
Shaping the future of mis-sold SIPPS 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 »
Unqualified Pension Scammers Banned Articles like New Model Adviser’s report on some of the scammers behind the Capita Oak/Henley/Store First scam getting banned always makes me smile. Knowing that a few pension scammers (four in this case), are being named and shamed – as well as banned from being directors – motivates me to share information
Unqualified pension scammers banned Read More »
Written by Kim All pension and investment scams have one thing in common: if the pension scam victims had asked the offshore advisers some or all of these 10 essential questions, they might not have lost their life savings to the scammers. Here at Pension Life, we are working hard to help educate the masses
Cartoon blog – Don’t be the next pension scam victim Read More »
Pension scammers have a “code”. Rather like pirates, they are not to be trusted. They pick their words carefully, revealing little; they are sneaky and lack any morals. They are good at disguises and if they fear they may be rumbled, they will disappear over the horizon, never to be seen again. They certainly won’t
Trolley’s Pension Scam Guide 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 »
STM Group has announced the following trading updates for the first half of this year. STM state that the first half of the year has progressed in line with management´s expectations. They refer to this with particular emphasis on their SIPPS program. For those readers who are unfamiliar with STM’s past investment scams, here is a
STM Group Plc – announces trading update Read More »
