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Beware of Pension Scams.
Protect yourself from the Pension scammers. How can you identify a pension scam? The following points may stop you from falling into the pension trap! If you think that you have been scammed act now! If you’ve already signed something that you are now unsure of contact you pension provider immediately, they may be able […]
Steelworker’s Pension Scandal!
The UK financial regulator has been accused of “sleepwalking into another huge mis-selling scandal” by a Labour MP, after an investigation into how thousands of former steelworkers may have lost out following complex pension transfers that earned financial advisers large fees. Tata was forced to offload the £15bn BSPS to pave the way for a 50-50 […]
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 […]