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Global Forestry Investments claims

Global Forestry Investments : No sign of Belem Sky returns


2 GFI directors disqualified for 10 years No evidence of returns for investors Directors paid themselves £13million Investors in Global Forestry Investments – the Brazilian teak investment that took around £24 million for the “Belem Sky” and “Para Sky” plantations might like to know what’s happened to their returns. While the money ended up often … Continued

Strand Capital Claim

Compensation for Strand Capital to Start Paying Out


Some former clients of collapsed fund manager Strand Capital may soon start to receive compensation for any losses through the Financial Services Compensation Scheme. Strand Capital (which is now insolvent since May 2017) made investments on its clients’ behalf, and it is estimated that around 3000 clients have had their investments and pensions effected in … Continued

Beaufort securities claims news and update

US Prosecutors charge Beaufort Securities with Fraud


UK & US authorities teamed up to investigate Beaufort Securities Limited for “securities fraud” Beaufort Securities, which helped clients build collections of investments, has been charged with fraud by the US Department of Justice, following an investigation that involved multiple other “conspirator” firms/individuals, and an undercover sting involving a Picasso painting. The UK’s own financial … Continued

Beaufort securities official complaints

Beaufort Securities hit with fresh wave of complaints


A “steady stream” of complaints about Beaufort Securities has been rolling into the Financial Ombudsman Services, with a newly upheld complaint just published. The “troubled” investment portfolio manager has agreed with the watch-dog to restrict the activities of its DFM (portfolio management) business, and in 2017, Beaufort wrote to some clients to say that it … Continued

Carey Pensions Claims

Carey Pensions identifies and separates problem SIPPs with letters to clients


SIPP administrator Carey Pensions has written out to some SIPP holders on its books to tell them that thei pension has been identified as “distressed”, and will be transferred to a new pension scheme: CPS2. The new scheme, includes “members with illiquid non-standard assets” – usually high-risk investments. Carey Pensions Writes to Distressed Clients The … Continued

Ban cold-calling about pensions

Prominent MP calls for BAN on unregulated pension introducers


Frank Field, who currently chairs the Work and Pensions Select Committee has spoken out about what many consider to be a HUGE part of the pensions mis-selling scandal: Unregulated pension introducers that lead people into potentially unsafe, unsuitable or even “scam” pensions. What are unregulated pension introducers? You know those cold-calls you probably get asking … Continued