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Shuttered doors at Greyfriars asset management

Greyfriars Asset Management SIPP & DFM goes into administration

10/29/2018

Greyfriars Asset Management LLP, a firm that dealt with both SIPP pensions and Discretionary Fund Management (DFM), has gone into administration. A note on the official public record (The Gazette) said that Greyfriars have appointed administrators from Smith & Williamson LLP on the 23rd of October 2018. What does “going into administration” mean? Going into administration … Continued

FSCS List

5 financial advisers declared in default with FSCS: Can you claim?

10/25/2018

The Financial Services Compensation Scheme has declared five financial advice firms in default in the month of September 2018. They are: Cygnus Investment Management Ltd Soussan, Esq Foreman Financial Services Ltd (Graingerco) Independent Mortgage Advice Bureau (Stevenage) Ltd The Financial Factory Ltd What does being declared in default by the FSCS mean? When claims are … Continued

Carey pensions bought by STM group

STM Group buys ‘troubled’ Carey Pensions in £400,000 deal.

10/09/2018

STM Group, a firm listed on the Alternative Investments Market (AIM), has purchased ‘troubled’ SIPP provider Carey Pensions in a new deal with around Four-Hundred-Thousand pounds. The deal appears to have gone ahead, despite the fact that Carey Pensions is facing ongoing court cases over some if its SIPP pensions. Carey Pensions may be in … Continued

Screenshot of future capital partners elysian fuels company

Elysian Fuels saga: Future Capital Partners Limited enters into liquidation

10/02/2018

Future Capital Partners Limited, the firm that managed the liquidated bio-fuels investment Elysian Fuels, has itself entered into liquidation. The news of FCP entering liquidation, which began in early September 2018, follows months of industry speculation after it was revealed that it was facing closure as HMRC probed investors. Elysian Fuels was declared a tax … Continued

the pensions office liquidation paperwork

FSCS seeks £25million claim from ‘The Pensions Office’ over claims

09/24/2018

The Financial Services Compensation Scheme, which has been responsible for paying out claims for the negligent advice of The Pensions Office Limited since the firm collapsed, it apparently set to place a claim with the firm’s liquidators for a figure over £25 million. Some clients who received negligent advice from The Pensions Office and have … Continued

Pension scheme operators urged to do more to stop scam transfers

08/21/2018

The trustees of 14 pension schemes have received a joint letter from The Pensions Regulator (TPR), The Financial Conduct Authority (FCA) and The Pensions Advisory Service (TPAS), urging them to do more to stop potential scam pension transfers and protect their members. The letter included one that should be forwarded on to scheme members who … Continued

FCA watchdogs to get tough on pension mis-selling after British Steel fiasco

08/13/2018

The financial services watchdog – The Financial Conduct Authority – has said it has learned lessons about how the pension mis-selling scandal can blow up, in the wake of the British Steel Pension Scheme transfer mess. It was just last year when some financial advisers swooped in like vultures to transfer peoples’ pensions away from … Continued