Strand Capital missing bond money

Strand Capital Saga: Possible Court Action Over “Missing £500k” Bond

The Special Administrators for Strand Capital (now in special administration) could soon be heading the courtroom over “missing” £550,000 bond coupons. Problems at Strand Capital Strand Capital entered insolvency proceedings back in 2017, with 3000 clients and supposedly over £100,000,000 assets under management. According to New Model Adviser, the Administrators have faced obstacles with their…

Urgent call for Pension Cold-Calling ban as people “avoidably conned out of their life savings”

Members of Parliament have called on the government to bring in the proposed cold-calling ban as urgently as possible, with the hopes of “bolting” the new laws on to the upcoming “Financial Guidance and Claims Bill”. The Works and Pensions committee has been collecting evidence about pension transfers for some time, in an effort to…

Investment firms caught

Revealed: 25 investment managers receive FCA action as others are told to rein in Appointed Representatives to avoid pension scams

Request for information reveals that the FCA dished out 25 “Section 166” reviews in 2016 FCA tells firms to “ramp up” due diligence on their Appointed Representatives What these actions mean for customers A Freedom of Information Request to the Financial Conduct Authority has revealed that the regulator issued 25 “Section 166” reviews against financial…

Bank House locked door

Bank House Investment Management tab picked up by FSCS – Compensation for IFA in default

The life-boat scheme will now pay out in cases of negligent advice by Bank House Bank House Investment Management, an IFA based in Cheltenham has now been declared in default by the FSCS, meaning that the compensation scheme is now satisfied that the firm can no longer pay out for successful claims against it for…

Get Claims Advice

The important, retirement-saving question you NEED to ask: How safe is your SIPP pension?

With even more pension transfers to SIPPs under scrutiny, and even more cases of pension mis-selling set to be received by the Financial Ombudsman in 2017/18, we challenge those who transferred into a SIPP to ask themselves an important, retirement-saving question: How safe is your SIPP pension? Following the success of ITV Tonight’s How Safe…