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Coins and keyboard letters that read SCAM

Financial Advisers told to do more to report potential pension scams

16/01/2019

It’s now one week since the long-awaiting ban on pension cold-calling came in to effect, and this week The Pensions Regulator has told financial advisers to do more to report potential pension scams so authorities can take action earlier. Over the past 15 years, many people with valuable final salary pensions have been bombarded by … Continued

Tickboxes indicating excellent to poor relating to pension advice

8 Financial advisers fail to respond to FCA pension transfer probe

16/01/2019

Its no secret that the watchdogs at the FCA are gunning for financial advisers that give unsuitable or even negligent financial advice over the transfer of Final Salary Pensions. Defined benefits pensions are considered to be rare, valuable and in most case, well worth keeping! But over the past few years, many financial advisers threw … Continued

Mis-sold carbon credits pension claims

Liberty SIPP makes the news with more links to high-risk investments

16/01/2019

SIPP pension provider Liberty SIPP is again ‘under fire’ over its links to high-risk and unregulated investments. Some SIPP companies allowed investments in alternative schemes, often based abroad and not regulated by the watchdogs at the FCA, including Liberty SIPP. Often linked to the Ethical Forestry situation, in which the Costa Rican forestry scheme entered … Continued

a picture indicating cold-calling is banned

Cold-calling about pensions is now illegal. But why?

09/01/2019

After years or complaints, petitions, campaigns, debates and reviews, it is now illegal for companies to cold-call members of the public about pensions. As of 9 January 2019, firms wishing to speak to people about their pensions and conduct free pension reviews will have to obtain prior consent to make marketing calls to each individual. … Continued

Investments buried

5 high-risk alternative investments that the FOS received complaints about

20/12/2018

The FOS, which is setup to resolve disputes between consumers and firms in the financial services sector, has produced a list of the top five alternative investments that it has received complaints about or relating to in the last year. Alternative investments are often based overseas, and are unregulated by the FCA (Financial Conduct Authority). … Continued

A man receives a pension cold-call

Pensions cold-calling ban to finally be enforced

20/12/2018

A ban on cold-calling about pensions will finally be enforced from 9 January 2019, and the legislation was approved by parliament. The new law has been a long-time coming, with a solution to the problem of unregulated introducers and their part in pension mis-selling well needed. What role have unregulated introducers had in pension mis-selling? … Continued