1,400 Beaufort clients still waiting for compensation

The FSCS has released figures that show another 754 former clients of collapsed Beaufort Securities have been paid compensation, while another 1,400 clients who ‘still require compensation’ are in waiting. That makes it 16,100 former Beaufort Securities clients who have received compensation since the firm went under, following an undercover FBI sting. Why are Beaufort…

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The Times reports on Pension Mis-Selling Scandal

The pension mis-selling scandal is now finally making headline news with mainstream media companies, with The Times dedicating a large segment to the issue of mis-sold SIPP pensions and high-risk investments. The article focused on how thousands of pension savers were persuaded by unregulated marketing companies and financial advisers to transfer to SIPP pensions, and…

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Financial regulators to share information to combat mis-selling

The Pensions Regulator, which acts as a watchdog for workplace pension schemes, including valuable Defined Benefit pensions, has agree to share market intelligence with the Financial Conduct Authority. While remaining separate, the FCA may well gain vital intelligence about the movement of final salary pensions out of the market, which could prove useful as it…

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Adviser invested 90% of client’s pension into high-risk Harlequin

Even in 2019, we’re STILL seeing claims made for negligent advice and actions leading to investments in high-risk hotel scheme Harlequin Properties. The financial adviser in question, Professional Intermediary Introducers based in Wales provided advice through their appointed representative to Mrs P in 2011. The advice resulted in Mrs P transferring her £110,000 personal pension…

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