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 […]
Utmost Fraud approved by EU Commission Read More »
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
Goodbye Bond Review Read More »
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
Blackmore Global pension scam victim who cares Read More »
Pension scams have been destroying lives for more than a decade. The scammers cause poverty, marriage breakdowns and even death. Death caused by stress-related illness. And death by suicide. A typical pension scam involves an unlicensed person pretending to be a financial adviser. This is illegal. But it goes on all the time, in the
Who cares about Careys and the world of pension scams? Read More »
The Spanish criminal trial of so-called “financial advisers” in Denia has exposed the widespread fraud routinely committed in offshore financial services for over a decade. This particular stage of this particular trial may be directed at just eight members of Continental Wealth Management and Premier Pension Solutions. For now. But the case – brought by
Fraud Trial Against Pension Scammers in Spain Read More »
January 28/29 2021 saw the cross examination of Stephen Ward in Pension Life’s criminal case in the Denia court. Ward gave the judge an elaborate explanation as to how and why none of the Continental Wealth Management pension and investment scams were his fault. Ward provided the pension transfer “advice” to hundreds of Continental Wealth
Vicious Circle of Stephen Ward’s and Dalriada’s pension scams. Read More »
One of my all-time favourite comedy lines is Greg Davies describing his middle-aged love life as “like trying to stuff a marshmallow up a cat’s arse”. My second-favourite comedy line is “Andrew Bailey has been such a failure at the FCA, that we’re going to put him in charge of the Bank of England”. My
Paul Feeney of Quilter and the Marshmallow Regulator Read More »
In the past decade, millions of pounds of pensions and life savings have been destroyed in Spain. Much of this has involved insurance bonds (OMI, SEB and Generali) – as well as all other popular expat countries. Only by benefitting from lessons learned so painfully by those who’ve already been scammed, can new potential victims
Armed Against Pension Scams in Spain Read More »
The recent awards given to Quilter Cheviot and Quilter International by International Adviser (sponsored by Quilter) must have sickened and disgusted many Quilter (OMI/Skandia) victims. Editor Kirsten Hastings’ saccharine and gushing words of praise will have been seen as offensive in the extreme by the thousands of victims who have lost their pensions and life
Manita Khuller Award – Justice Against All Odds Read More »
Life offices who caused the death of victims and their life savings/pensions, will now face proceedings in the Spanish civil courts. Pension Life’s proceedings against the defendants are due to be launched before Christmas 2020. The defendants will be Quilter International (Ireland), SEB and Generali (which has changed its name to Utmost Wealth). In the
Spanish litigation: Quilter Ireland, SEB and Generali Read More »
Recent data obtained by Quilter (formerly Old Mutual International and Royal Skandia) under a freedom of information request has further highlighted the issue of financial education, or rather the lack of it, with many casualties of fraud ‘unaware they may have fallen victim‘ to such a scheme. Quilter plc (the well-known asset/wealth management company, “life
Quilter: Critical or Hypocritical? Read More »
International Adviser Awards create buzz around Quilter’s, FPI’s and RL360’s facilitation of investment fraud and scams. I am deeply flattered that International Adviser has invited me to enter for this year’s “Best Practice Adviser Awards”. The invitation was sitting – sparkling like a princess – in my inbox this morning. So, how could I refuse?
International Adviser Awards Read More »
