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 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 »
Just as predicted, the scammers have managed to sidestep the cold-calling ban on pension selling by using a slightly different tactic. No surprise there then. Just as they morphed from pension liberation into high commission investments, it was only a matter of time – well just two weeks to be precise – before a firm
Is there no escape from the cold-calling, snake-oil salesmen? 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 »
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 »
This could possibly be described as wonderful news for the victims of Viceroy Jones New Tech Ltd, Viceroy Jones Overseas PCC Limited, Westcountrytruffles Limited, Truffle Sales Ltd and Credit Free Limited. Or maybe not. The whereabouts of the funds is unknown. This pension liberation and investment scam saw 100 investors conned out of £9m of
High Court finally winds up the truffle saga pension scam Read More »
Back due to popular demand, qualified and registered company blogs. Today, I am looking into Belgravia Wealth, a Swiss based company. Belgravia Wealth – qualified and registered? Lets see if you are. Belgravia Wealth has an impressive list of services offered. However, those who follow our blogs will know that the terms “structured products” and pensions
Belgravia Wealth – qualified and registered? 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 »
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 the turn of Callaghan QROPS Spain – qualified and registered? IFAs and their clients are invited to add to it, correct it, improve it. Here’s a link
Callaghan QROPS 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 »
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 »
Here at Pension Life, we are well aware of QROPS and SIPPs providers being a favorite of the serial pension scammers and are very pleased to report that there is positive news of better protection against this, on the horizon. Three years ago the Pension Liberation Industry Group (PLIG) launched a code of practice to
Better Protection Against QROPS Pension Scams from PLIG Read More »
