News Archives

Guardian Wealth Management and the two-horse race with Holborn Assets

Leave a Comment / News / Angie / April 21, 2018

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 […]

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Holborn Assets – What a cheek!

6 Comments / News / Angie / April 19, 2018

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

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Pension Life Blog - Fraction scamming - the trending pension scam - everyone wants a slice

Fractional scamming – The trending pension scam

2 Comments / News / Angie / April 19, 2018

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

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Pension Life Blog - Holborn Assets new office in South Africa headed by Lourens Reichert - Bob Parker any compensation for the victims of the past pension scam

Holborn Assets Johannesburg – Damaging more life savings?

Leave a Comment / News / Angie / April 18, 2018

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,

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Victory for SIPPS Pension Scam Victims

Leave a Comment / News / Angie / April 13, 2018

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

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FAST PENSIONS TO DIE A SLOW DEATH

3 Comments / News / Angie / April 13, 2018

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

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Pension Life blog - Don´t let the scammers destroy your pension fund - British Stell workers falls victim to unregulated SIPPS investment through collapsed IFA Active Wealth and unregulated Dolphin trust

British Steelworker – SIPPS Pension Scam Victim

6 Comments / News / Angie / April 12, 2018

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

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A win for the FCA against Capital Alternatives

2 Comments / News / Angie / April 12, 2018

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,

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Pension Life blog - OMI sues Leonteq dues to undisclosed commission fee´s

OMI SUES LEONTEQ over undisclosed commissions

Leave a Comment / News / Angie / April 12, 2018

A fine journalist at International Investment reports that Old Mutual International is taking legal action against Leonteq. She reports that this action is being taken on the basis that Leonteq lied about commissions paid to advisers for using high-risk structured notes. This news is, of course, very welcome news – especially if it succeeds in securing

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EVERGREEN RETIREMENT TRUST QROPS SCAM

4 Comments / News / Angie / April 11, 2018

EVERGREEN RETIREMENT TRUST QROPS SCAM – HOW DID IT ALL WORK? Victims were cold called by Continental Wealth Management (CWM) and duped into transferring their UK pensions into the Evergreen New Zealand QROPS on the promise that they could access 50% of their pension. CWM acted as the “sister” company to Stephen Ward’s Premier Pension

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BLACKMORE BOND – SHAKEN OR STIRRED – CARELESS OR STUPID?

17 Comments / News / Angie / March 31, 2018

In the wake of hundreds of victims fearing heavy pension losses in the Blackmore Global fund, we now have another disaster waiting to happen: Blackmore Bond. This new threat to unwary investors has been analysed by Bond Review. Just to be clear, many people were duped into investing their pensions in the Blackmore Global UCIS

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EVERGREEN – HARD-TO-SWALLOW, EVER-GRIM QROPS SCAM

Leave a Comment / News / Angie / March 29, 2018

EVERGREEN – HARD-TO-SWALLOW, EVER-GRIM QROPS Why hard to swallow? Around 300 victims of this pension liberation scam are anxiously waiting to see whether they can ever get any of their fund out – and whether there is anything left of the original £10 million. A few victims have got out successfully over the past few

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