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Pension Scam Investments

Pension scammers thrive and prosper on commission. That is the reason for their existence – as well as their enthusiasm and persistence.

Once they get their victims’ pensions transferred out of a bona fide pension scheme run and invested by regulated professionals, the scammers have the freedom to invest in whatever crap pays the highest commission.

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Pension Scam Investments

The world of pension and investment scams is dominated and driven by commissions on investments (usually unregulated). The scammers’ strategy is always identical: get the pensions away from the safety of a reputable pension provider and into the hands of a SIPP, a SSAS or a QROPS. One purported benefit of these types of schemes

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News

FCA Investigates Ark and AES

The FCA seems to have woken up. It only took eleven years. Eleven years of laziness, torpor, disinterest and deliberately ignoring the problem. But, completely out of the blue, the FCA has suddenly got bored with crapping on bathroom floors and has decided to do a spot of rather belated regulating. The object of this

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Utmost Fraud approved by EU Commission

Utmost (formerly Generali) is proposing buying Quilter (formerly Old Mutual). The deal is due to be completed by December 2021. The agreed price is nearly half a billion pounds. It is reported that Margrethe Vestager, Vice President of the European Commission, has “approved” this acquisition. The “approval” by the European Commission of this deal is

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Brev at Bond Review has been doing the FCA's job for it for more than four years.
News

Goodbye Bond Review

Brev at Bond Review has been doing the FCA’s job for it for more than four years. He (or she) has warned the public on the excellent Bond Review blog about the dangers of investment scams in the form of “bonds”. While the FCA have sat around doing little of any use – except keeping

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News

Blackmore Global pension scam victim who cares

The following blog was written by Stephen Sefton: a Blackmore Global Victim who cares about pension scams. Stephen was scammed by David Vilka of Square Mile International Financial Services around six or seven years ago.  Vilka, who had neither qualifications nor a license to provide pension or investment advice, arranged the transfer of Mr. Sefton’s

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