Search Results for: old mutual international

DEATH BOND

What is a death bond? Also known as a life bond, portfolio bond, executive bond, offshore bond – or, if you are a commission-based broker – an 8% commission bond. Who provides death bonds? The usual suspects (many of whom also provide ghastly long-term savings plans that ruin savers): Old Mutual International RL360 SEB Lombard […]

DEATH BOND Read More »

LM and other monstrous failed funds

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 »

Is your IFA a snake in the grass?

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 »

Who killed the pension? Scammers; ceding providers; introducers; HMRC?

In every pension scam there is one beginning, lots of middles, and always a wretched ending for the victim and a profitable ending for the scammers. The beginning is always a negligent, lazy, box-ticking transfer by a ceding provider – the worst of which always tend to be the likes of Standard Life, Prudential, Scottish

Who killed the pension? Scammers; ceding providers; introducers; HMRC? Read More »

Generali – jumping ship to avoid new regulations?

The mis-selling of life assurance policies and long-term savings plans has been a regular topic in our blogs.  Many victims of pension scams see their funds mis-invested into life assurance policies. These life assurance policies do little more than drain the fund value with their expensive fees and costs. Generali has for years been aggressively

Generali – jumping ship to avoid new regulations? Read More »

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

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

Death of the Life Bond (Life of the Death Bond?) Read More »

No more bogus life assurance policies in Spain

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

No more bogus life assurance policies in Spain Read More »

Premier New Earth Recycling (NERR) Investment Scam

Premier New Earth Recycling and Renewables PLC (in liquidation) is being wound up by Deloittes.  Joint liquidators Alexander Cameron Adam and David Peter Craine have written to shareholders to say the directors of NERR aren’t being terribly helpful.  Apparently, they are refusing to cooperate with the investigation into why the company failed and are insisting

Premier New Earth Recycling (NERR) Investment Scam Read More »

FT Adviser Top 100 Financial Advisers 2018

I have enormous respect for FT Adviser.  Their articles are written by proper journalists and they generally write competently and professionally.  FT Adviser puts International Adviser to shame with their thinly-disguised promotional shows and Micky Mouse “articles” which only ever promote their own sponsors – Old Mutual International and their ilk. It was really interesting

FT Adviser Top 100 Financial Advisers 2018 Read More »

Scroll to Top