Indemnity Insurance is an absolute must for your financial advisor. If he can not prove to you that his indemnity will cover 100% of your pension or investment then you should walk away immediately! Through our studies of numerous scams across the world we have found that many scams operate with below par indemnity. In […]
John’s Nightmare aboard Scamair Read More »
DEADLY AUSTRALIAN (AND OTHER) TOXIC INVESTMENT FAILURES LM Management Performance Currency Protected Australian Income LM First Mortgage Income Premier Eco Resources LM Wholesale First Mortgage Premier New Earth Recycling Solutions Institutional Currency Protected Australian Income New Earth Solutions Recycling Facilities Axiom Legal Financing Kijani We could write thousands of pages about these toxic, risky, illiquid
LM and other monstrous failed funds Read More »
A High Court Judge has called for an investigation into the FCA’s dismal failings over the lack of action prior to the collapse of the London Capital & Finance bond. More than a dozen MPs have also called for Andrew Bailey – £600k a year head of the FCA – to go. High court judge
FCA head Andrew Bailey must go (over London Capital & Finance bond scandal) Read More »
An elderly lady consulted Hollingsworth International Financial Services in Malta about her life savings in 2011. She told Hollingsworth’s employee Paul Tilbrook she wanted her funds invested safely and cautiously. Her savings amounted to over £400,000 and she wanted to move them to a safe pair of hands to make sure her capital was protected. The adviser promised her that her money would not only be protected, but that it would be “actively managed” to ensure diversity and growth. In reality something very different happened.
Is your IFA a snake in the grass? Read More »
Hope for Continental Wealth Management victims. Meet John Smith who is in a spot of financial bother. But who will come to the rescue?
Most qualified advisers want nothing to do with pension scams. Many offshore firms employ advisers who have not passed the required exams. Even if an adviser has qualified, he or she must still be registered. Meet John. He has been scammed and is desperatedly seeking to find out how this can happen.
Fighting pension scams – Qualifications Investigation Read More »
Fighting pension scams needs to be done logically and methodically. Decent advisers need to use high standards to help fight scams. If these standards become the norm, the scammers won’t survive and flourish so easily. Fighting pension scams – Qualifications Most qualified advisers want nothing to do with pension scams. Many offshore firms employ advisers
Fighting pension scams – Qualifications Read More »
Fighting pension scams: Regulation If it was easy to stop pension scams, everyone would be doing it. Clearing up the mess left behind a pension scam is a huge challenge. This is why clear international standards need to be recognised and adopted. The scammers are like flocks of vultures. If people only used regulated firms,
Fighting pension scams: Regulation Read More »
Blackmore Bond – yet another reason why only regulated advisers should be used for investment advice. The clear link between the recently-failed LCF Bond and Blackmore Bond through Surge Group remind us how important regulated investment advisers are. In the news again is the troubled Blackmore Group. This time we read that they have ‘temporarily’
Blackmore Bond – yet another failed investment? Read More »
A SLICE OF THE ACTION by Joshua Parfitt of the Olive Press EXCLUSIVE: Expats who lost millions to dodgy finance firm CWM fear action group boss may be scamming them too. It is a sad fact that people who have been victims of a scam will never fully trust anybody ever again. One thousand people
Olive Press Article on Continental Wealth Management Read More »
HOW DO PENSION SCAMS WORK? Every pension scam starts with a negligent transfer. Ceding providers hand over millions of pounds to pension scammers every year. Firms – from Aviva to Zurich – ignore warnings by regulators and HMRC. The providers tick their boxes; the scammers make their millions; the victims are ruined. The ceding providers
Transferring pensions to scammers – the ABC of shame Read More »
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 »
