Cape Verde’s Resort Group investors receive FCA questionnaire

The investment was mis-sold by a number of different financial advisers Citywire has reported that some investors in The Resort Group – a widely sold high-risk investment not regulated by the Financial Conduct Authority, have been sent questionnaires by the FCA asking for information about their investments in the overseas property scheme. Based in Gibraltar,…

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Enquiries about SIPP and pension transfers increase AGAIN, says Ombudsman

Are you sat on a SIPP complaint? The FOS (Financial Ombudsman Service) has published figures that show a 59% increase in enquiries relating to Self-Invested Personal Pensions (SIPPS) in Q1: April – June 2017, along with a rise in complaints regarding pension transfers. The service which has the power to force companies to pay clients compensation…

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SIPP company accused of “gagging” Ombudsman complaints

Carey Pensions has been accused of sending “threatening” letters to it’s clients in an effort to halt FOS decisions going public If you’ve ever wondered whether you can read about upheld ombudsman complaints against financial firms and institutions, you can – just go to http://www.ombudsman-decisions.org.uk, but one SIPP provider – Carey Pensions, has been accused of…

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Are you caught up in the pension mis-selling scandal? These 4 questions can help you get answers

If you have a SIPP, you might want to get it checked out SIPPs are currently at the centre of the pension mis-selling scandal, The thing about SIPPs (thats a Self-Invested Personal Pension), is that they can hold a wide range of investments. But not all investments are equal when it comes to risk, and…

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Harlequin Property: Legal settlement struck with Wilkins Kennedy, but what about investor capital?

Harlequin has reached a deal with it’s former accountant. Wilkins Kennedy, Harlequin Property’s former accountancy firm, will now pay less than it was ordered to by the High Court for damages in place of them taking the decision to appeal. The accountancy firm, which was engaged by Harlequin between 2006 and 2010, was told by…

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Store First investment’s winding-up order adjourned by High Court

Will investors learn their storage pod investment’s fate soon? Store First, the Lancashire based storage unit investment often invested in through SIPPs: Self-Invested Personal Pensions, has had its’ winding-up hearing adjourned by the High Court, with a new date yet to be set. Petitions from the Secretary of State for business, Energy and Industrial strategy…

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Monpav One Ltd

Did you invest in offshore funds like Monpav One Ltd? Little can be found about Monpav One Ltd from a simple Google Search, although it does seem to be associated with STM FIDECS Nominees Limited, particularly STM Life Assurance PCC PLC, and Gibraltar. But if you invested in Monpav One Ltd through a SIPP: Self-Invested Personal Pension,…

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Furness Financial Management – 2 win claims for mis-sold pension advice

The FOS found in favour of the client in two cases involving unsuitable pension investments in SIPPs Furness Financial Management, no-longer authorised by the FCA and declared “in default” with the FSCS, was based in Staffordshire, and as of 2017 has 2 FOS decisions held against it, both relating to advice it gave clients about moving…

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