AVIVA – CAMPAIGN AGAINST PENSION SCAMS Pension Life – representing hundreds of victims of pension scams – has been engaging with ceding providers to seek a solution to the failures of regulation and the law which continue to fail to halt the success of scams and scammers. One of the earliest pioneers and champions of […]
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Can I have a word please? In fact – can I have three words? free loophole sophisticated Now, these are not just any old words – they are the keys the scammers use to unlock victims’ savings and make huge amounts of money out of destroying innocent people’s retirement income: http://www.professionaladviser.com/professional-adviser/feature/2441535/revealed-the-top-three-watchwords-in-pension-liberation-scams Let´s look at these
Three words about pension scams Read More »
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.
The 487 Ark victims have gone through pure hell since the Pensions Regulator appointed Dalriada Trustees to the Ark schemes. First they discovered from Justice Bean in the High Court that the scheme was a “fraud on the power of investment” and then they discovered that HMRC were going to try to tax loans at
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Incartus Investment Pension Scheme has been placed in the hands of Dalriada Trustees by the Pensions Regulator.We’ve seen some horrendous pension and investment scams, but until Dalriada completes the investigation into this scheme, we won’t know how bad this one is. When I first published my blog on Incartus, the scheme’s solicitors, CANTER LEVIN & BERK,
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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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HOW THE KJK INVESTMENTS AND G LOANS PENSION LIBERATION SCAM WORKED Members were told their pensions would be transferred into a SIPP managed by Corporate and Professional SIPP providers and a separate loan would be arranged through G Loans which was certified to be non-taxable by Optimum Tax Solutions. Now the victims are facing 55%
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THE WAY THE WINDSOR PENSIONS PENSION LIBERATION SCAM WORKED Members were persuaded to transfer their pension into a QROPS and with a hefty transfer fee of at least 10%. The rest was liberated with no attempt to even try to clock the transaction in a “loan” vehicle. In fact, the transfers never went anywhere near
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HOW THE WESTMINSTER PENSION SCAM WORKED The Westminster pension scam was administered by Stephen Ward among others. Same sponsoring employer as Capita Oak i.e. R. P. Medplant Ltd. Cyprus. Same transfer administration spreadsheet using the same colours, spelling mistakes, names etc. The trustee of the Westminster pension scam was Thames Trustees. The trustee of 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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