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…

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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…

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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…

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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…

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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…

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Global Forestry Investments in the news as 70 investors are told to make a claim

The trustee of Green Retirement Pension Plan has told over 70 pension scheme members to look at making a claim for bad advice against their IFAs over their Global Forestry Investment schemes, it has been reported. Jonathan Purle took over for the Defined Contribution scheme back in 2016, and for those scheme members who have…

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IFA no-longer authorised was found at fault in 4 cases by the Ombudsman

Cheshire-based R W Harris Limited, an IFA that was previously authorised by the FCA under number 143856, had 4 Financial Ombudsman complaints against it upheld between July 2014 and April 2016, it has been revealed. All 4 of the complaints revolved around investments advised on by R W Harris Limited, some of which it is…

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At least 2 Ethical Forestry plantations described as suffering “severe-total” damage after Hurricane Otto

A further 3 Ethical Forestry plantations remain “unverified” on the damage report A new letter from the liquidators of Costa Rican tree investment, Ethical Forestry, provided an outline of the damage to each plantation, and said photographs from the drone footage will be uploaded shortly. The damage report, which the letter (dated 15 Feb 2017)…

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FCA concerned about the suitability of over 500 DB pension transfers: what we know so far

The regulator has issued a warning over £12.7m worth of pension transfers A former compliance officer has been issued with a warning over the potential suitability of over 500 pension transfers, the values of which came to a grand total of around £12.7MILLION. These pension transfers may have sparked the wrath of the regulator because…

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NEW SCAM: Do YOU know enough to keep your pension safe from the NEW type of pension SCAM?

Find out how some companies might be trying to make a pretty-penny by transferring YOUR pension into somewhere a lot less ‘suitable’… The FCA, who are in charge of all financial services companies in the UK, has revealed the details of a NEW type of pension ‘scam’, aiming to shove people’s hard-earned money into High-Risk investments,…

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