The FSCS has declared three Sipp providers in default. These are: Stadia Trustees Limited; Brooklands Trustees Limited; Montpelier Pension Administration Limited In its business plan the FSCS said it has received 150 claims against these companies over due diligence failings ‘but we expect to receive many more claims in 2018/19’. The Financial Conduct Authority (FCA) […]
Were you Miss-led about your Pension Advice?
15 more companies added to the list of companies in default. Consumers could get back money they have lost as a result of their dealings with any of the 15 failed financial firms (listed below) the Financial Services Compensation Scheme (FSCS) declared in default during November and December 2017. LONDON Nationwide Taxi Sale, 98 RAILWAY […]
TailorMade Independant Ltd Pension Woes!
In 2015 Robert Shaw, former director of advisory firm TailorMade Independent Ltd (TMI), was banned from senior positions in financial services and fined £165,900 by the Financial Conduct Authority. The FCA found Mr Shaw failed to ensure that TMI assessed the suitability of investments made through self-invested personal pensions (SIPPs) for its customers, and failed […]
More Pension Scams Uncovered!
The Serious Fraud Office has launched an investigation into storage unit investment schemes, and revealed that more than £120m has been poured into them. The SFO says it is probing several firms, including Capita Oak Pension and Henley Retirement Benefit, plus some schemes that included investments in other products. It adds that more than 1,000 […]
Pension not Performing
Is your pension not performing as expected? Do you wish that you had left it where it was and not accepted the advice that you were given? All may not be lost as you may have been mis-advised and may even be entitled to compensation! The internet is full of websites offering advice about what […]