Angie

More negligence from trustees Berkeley Burke – Store First

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Another victim of Berkeley Burke SIPPS investments into Store First storage pods has come forward. 55-year-old factory worker Robert McCarthy, of Ebbw Vale, said he has lost more than £30,000 through a Self-Invested Personal Pension (SIPP). He was duped into the transfer and investment by unregulated firm Jackson Francis which was liquidated in 2014.  His investment […]

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Death of the Life Bond (Life of the Death Bond?)

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Attention financial advisers in Spain/who provide financial advice to Spanish residents.             18th February 2019   DEATH OF THE LIFE BOND: The Spanish insurance and pensions regulator, the DGS, made a judgment against Costa Blanca-based Continental Wealth Management (CWM) on 10.1.2019.  The order (translated and summarised below) confirmed that there are strict regulations in Spain for

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No more bogus life assurance policies in Spain

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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

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Is there no escape from the snake skinned con men?

Is there no escape from the cold-calling, snake-oil salesmen?

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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

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Pension Life Blog - Shaping the future of mis-sold SIPPS - Berkeley Burke and Carey Pensions FOS

Shaping the future of mis-sold SIPPS

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In January 2019, we saw legal challenges going forward against not one but two SIPPS providers for their roles in using and promoting unregulated investments. Berkeley Burke SIPPS Administration and Carey Pensions (the latter now owned by rogue QROPS trustee firm STM Group). Money Marketing has published an interesting article: ´SIPPS providers gear up for landmark court action´. They

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Pension Life Blog - Pension scam prosecution lost in time - More bans accepted

More bans but still no prosecutions – pension scammers lost in time

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Another day, another voluntary ban taken by pension scammers, this time by those involved in the Henley Retirement Benefits and Capita Oak Pension Schemes. It seems there is still no justice for the victims of these financial crimes and there are no consequences for the directors of Transeuro Worldwide Holdings nor Imperial Trustee Services. These

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