Designed 4 Life Ltd data bought by previous directors as claims continue

Former directors of Designed 4 Life Ltd buy client data from liquidator Can old client’s expect a call? FSCS pays out over £500k for Designed 4 Life Advice Phoenixing? Are you entitled to make a claim? The former directors of liquidated advice firm Designed 4 Life have bought the company’s client data from the liquidator,…

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Transferred your Defined Benefits Pension? The regulator says that over 50% of transfers were not deemed suitable!

Was your defined benefit pension transfer the right decision? Or do you have a claim? The Financial Conduct Authority has conducted a review of 88 pension transfers, in which people had taken advice from a regulated independent financial adviser to move their Defined Benefits pension into something else, only to find that only 47% of…

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Gleeson Bessent: Insolvency Services shuts down TWO pension trustee firms following investigation

Gleeson Bessent Trustee Services and Gleeson Bessent Trustees offered high-risk investments to ordinary investments as part of their pension schemes. Following an investigation by the Insolvency Service, the High Court has wound-up two pension trustees which administrated over 9 different pension schemes, all of which were occupational, including Focusplay Retirement Benefit Scheme, as well as…

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Elysian Fuels fiasco a ‘contributing factor’ to SIPP provider tightening up asset rule

The non-standard fuel investment has caused one SIPP provider to re-think it’s stance on similar investments SIPP provider James Hay was engaged in a tax battle over Elysian Fuels investments held within some of its SIPP portfolios, and according to the Chief Exec of IFG (parent of James Hay), the problems were a contributing factor…

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Why is the government banning cold-calls about pensions?

It’s not just because they’re a nuisance The UK government is getting ready to BAN the practice of cold-calling in an effort to curb the huge increase in mis-sold and fraudulent pension schemes and transfers. While not all mis-sold pensions involve a cold-call from a marketing company, many do, as high-risk pension arrangements such as…

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