Are SIPP providers about to topple

4 SIPP providers fail FCA’s new rules on Capital Adequacy; what next?

Four regulated providers of Self-Invested Personal Pensions (SIPPs) have failed the Financial Conduct Authority’s new rules regarding Capital Adequacy, it has been revealed through a Freedom of Information request from New Model Adviser. The rules laid out by the financial services regulator, the FCA, became legitimate on 1 September 2016, and mean that those providers…

Harlequin property chairman fraud SFO

Details of Charges against Harlequin Chairman David Ames reported after court reading

Chairman of the Harlequin group of companies, David Ames (65), has been released on conditional bail, the conditions of which include surrendering his passport to Raleigh Police Station, after the reading of charges against him at Westminster Magistrates Court. Ames, who is 65 from Wickford (Essex), has 3 charges read against him relating to his…

Blueinfinitas sipp investment

IFA Blueinfinitas advice causes over £3million to be paid in compensation to those who were mis-sold transfers into SIPPs

Our Expert: “More on the way, and not just relating to Blueinfinitas” The advice given by financial advice firm Blueinfinitas (itself declared in default by the FSCS) has generated over 166 claims with the FSCS, and more than £3million in compensation for clients who were mis-sold over the transfer of their pension into Self-Invested Personal…

The Sun tears into Ethical Forestry again, following announcement of Serious Fraud Investigation

A year after The Sun’s Kelvin Mackenzie went in on Ethical Forestry director Matthew Pickard, the paper has waded in again as the SFO announced an open investigation into the underlying investment, and 3 warrants were executed in relation to it. After explaining the “terrible scandal in which ordinary people lost their entire pension pots”, the often…

Serious Fraud Office Ethical Forestry

Serious Fraud Office opens investigation in connection with Ethical Forestry – March 2017

SFO announcement comes after police warrants executed in the South of England On the 8th of March 2017, the Serious Fraud Office announced an open criminal investigation with connection to Ethical Forestry Limited and its associated companies following allegations involving a “fraudulent investment scheme”. The short SFO statement on their website states that the allegations…

FCA bosses confirm and end to PPI claims with deadline, but what about the Next Big Scandal?

The authorities are gearing up to put an end to PPI, but is an even worse scandal lurking around the corner? The Financial Conduct Authority has publicly announced on their website that they are drawing a line under the PPI scandal, by creating a deadline for which claims should be made by those who may…

Scammers targeting the over 55s may be using these techniques

Investment & pension scammers using intense ‘Psychological’ techniques to part the over 55’s with their money

A warning straight from the FCA has explored the techniques used by scammers to get your money and turn it grubby. The Financial Conduct Authority has warned of the pressuring psychological techniques used by investment fraudsters in their efforts to target the over 55’s, who they believe have the most available capital to invest. Perhaps…