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 »
Just a few weeks ago we reported on Mike Pickett, the first British Steelworker – SIPPS pension scam victim. But now there is more shocking news on Celtic Wealth Management – the culprits behind this toxic transfer which found victims’ pension funds put in danger in February of this year. It would seem Celtic “advisers”
Celtic Wealth Management BRIBED British Steelworkers Read More »
One small stumble for the Isle of Man – one giant leap for victims of OMI and CWM. We never thought the litigation against the scourge of financial services – the insurance giant Old Mutual International – was going to be easy. And we knew these negligent and greedy firms would try every trick in
OMI AND IOM DEFEATED BY SPANISH COURT Read More »
Oh dear, Holborn Assets has fallen at the first fence – even before I’ve started the race! You couldn’t make it up. And typical of scammers, Holborn Assets is very concerned about the interests of their company and their profits, but couldn’t care less about the victims it has ruined. This Leahy guy can’t even
Holborn Assets “Smere Campaign” Read More »
Guardian Wealth Management and the two-horse race with Holborn Assets This is the start of Guardian Wealth Management week – following the end of Holborn Assets week. Apart from bleats from Holborn Assets salesmen that I was compromising their chances of destroying more victims’ pensions, nobody has come forward and proposed realistic compensation offers for
Guardian Wealth Management and the two-horse race with Holborn Assets Read More »
Seems we can´t get enough of Holborn Assets’ cheek this week. CEO Bob Parker has sent out a Q1 2018 newsletter and included on his mailing list a very unsatisfied and traumatised client who, through Holborn Assets’ negligence, has suffered a significant loss to her pension fund, with no compensation – or even apology. Glynis Broadfoot
Holborn Assets – What a cheek! 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 »
Fast Pensions, run by Peter and Sara Moat, is finally to be wound up. There will be a hearing at the High Court in Manchester on 30th May 2018. The winding-up petition also includes the 15 pension schemes run by the Moats, FP Scheme Trustees and four loan companies. This follows a special measure by
FAST PENSIONS TO DIE A SLOW DEATH 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 »
Pension Life is pleased to report that the FCA has woken up long enough to do a spot of regulating and has won an important case over the promotion of unregulated investment schemes. The firm flogging the schemes, Capital Alternatives, must pay back nearly £17m to investors. The FCA alleged that Capital Alternatives used “false,
A win for the FCA against Capital Alternatives Read More »
