Can Blacktower Spain fare any better than other companies we have looked into? How many of their advisers will come out qualified and registered? If you have been following Pension Life´s blogs you will know that we have been conducting a series of investigations into qualified and registered financial advisers in various firms. Today is […]
Blacktower Spain – Qualified and Registered? Read More »
Most victims of pension and investment scams bitterly regret not having asked more questions with regards to their financial planning. The problem is that they wouldn’t have known what questions to ask, and they probably wouldn’t have understood the answers even if they had. Pension Life offer you 10 essential questions to ask an IFA so
10 essential questions to ask an IFA 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
£11,000,000,000. That is an awfully big number. But this is what financial fraud of pension and investment scamming cost thousands of victims in 2016 according to reported statistics. This begs the urgent question: why have so few – if any – of them been prosecuted? The Pensions Regulator’s Lesley Titcomb has now officially and
Introduction: Anatomy of a Pension Scam Read More »
OLD MUTUAL INTERNATIONAL HYPOCRISY OVER NEW MALTA REGULATIONS OMI’s Peter Kenny advises the industry to “keep calm”. He obviously wants to be able to keep flogging these useless, pointless and exorbitantly expensive insurance bonds to thousands of innocent victims. With the announcement of new regulations in Malta for QROPS, International Adviser has quoted managing director
Keep Calm: Just avoid OMI/Quilter Read More »
Protect your pension fund at all costs. Pension “vampires” disguised as friendly and legitimate pension advisers are still out there – prowling the land trying to find victims. Ever evolving and changing their strategies to seduce you into transferring your pension fund, often into a high-risk, toxic investment that rewards them with high commission but
Protecting your pension fund from pension vampires Read More »
Two pension liberation scammers have been sentenced to time behind bars AND a recovery of funds after creating an elaborate pension liberation scam, involving around 23 victims and nearly 1 million pounds of pension funds. Successful Pensions sure was unsuccessful for all involved. Anthony Locke, 33, from Christchurch in the UK, was sentenced to a
Pension liberation scammers of Successful Pensions JAILED 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
Maltese QROPS regulations to change Read More »
Having read Henry Tapper’s A Master Class in Fractional Scamming, here at Pension Life we feel we should share some facts with our readers about the “trending” investment and pension scam of 2018 – fractional scamming. First of all here´s a bit about the fractional scam: Today with new regulations, pension liberation has pretty much
Fractional scamming – The trending pension scam Read More »
EXCLUSIVE: Holborn Assets opens new office in South Africa. Oh, how wonderful for them! However, not so wonderful for the new victims Holborn will obviously be trying to scam into losing large percentages of their pension funds. None of the existing victims have received compensation yet for their crippling losses due to expensive insurance bonds,
Holborn Assets Johannesburg – Damaging more life savings? Read More »
A happy tale for the end of the week… not just one but two firms have been told they must compensate clients for poor advice on SIPPS transfers. A great victory against all firms using SIPPS to disguise their ill-advised pension scams sorry schemes. Financial Planning today reported that: The Financial Ombudsman Service has ruled
Victory for SIPPS Pension Scam Victims Read More »
I am saddened to write about the first (but probably not the last) British Steelworker who has fallen victim to an investment scam as well as a pension scam. The British Steelworker was persuaded to transfer his DB pension AND invest £35,000 of his personal saving into an unregulated fund – Dolphin Trust (in Germany). More
British Steelworker – SIPPS Pension Scam Victim Read More »
