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number of unsuitable british steel pension transfers

Transferred your British Steel Pension? As many as 1in3 may have been mis-sold


Has your pension transfer away from BSPS put you at hidden risk? The Financial Conduct Authority has released some data from it’s urgently conducted check on financial advisers who advised British Steel Pension Scheme members about their pension, and the news doesn’t look great… Of the 129 cases the regulator has looked at so far, … Continued

transfers away from Carillion pensions

Scam Sharks Already Circling Carillion Pension Scheme Holders


Echoes of 2017’s British Steel Pension Scammers An article in FTAdviser has told how pension scammers may already be “circling” the 28,0000 Carillion pension scheme members following the collapse of the business group this week in order to get a slice of the potential pension pie. Carillion, which has run a Defined Benefit pension scheme for some … Continued

InvestUS investment winding down

“InvestUS” Exit Strategy to explore winding-up options after investor requests


Steve Wright expressed his intentions in a December 2017 Exit Strategy Update Exit Strategy – the high risk and FCA-unregulated US housing investment, often sold to UK investors via their SIPP pensions has outlined another “turbulent year” for the investment, placing the majority blame for a range of difficulties on the ongoing effects of the Right … Continued

Grainger Co Claims after de-listing

Foreman Financial Services (GraingerCo) ignores Ombudsman over mis-sold SIPP complaint


The Tunbridge Wells firm is now closed, after the FCA revoked their authorisation Foreman Financial Services, which often traded as GraingerCo has closed it’s doors after the FCA took action, apparently over the way it handled itself over a SIPP pension complaint. The FCA, which regulated all authorised financial services companies, took away GraingerCo’s ability … Continued

Britsh steel pensions targetted

British Steel Pension Transfer worries roll into 2018


The saga seems far from over… Bartholomew Hawkins Stops Pension Transfers 21 firms ignore FCA training request Concerns surrounding the practices of some Financial Advisers about the transfer of British Steel Pensions into alternative, private schemes appear to be just as prevalent in the new year, as another IFA agrees to stop conducting transfers and … Continued

port talbot pension scam

“Feeding Frenzy” of financial advisers surround Port Talbot Steel Pensions


Channel 4 News reported from the scene as “Greedy” financial advisers try to cash-in on steel misery In a Channel 4 News report, some financial advisers were said to be being driven by “greed” as advisers from all over the country were “parachuting in” to aggressively advise on British Steel Pension transfers. Financial advisers can … Continued