PENSIONOLOGY & AVISABILITY LIMITED
Pensionology.uk Ltd, which traded simily as Pensionology, or through its appointed representatives like Advisability Limited, is now in liquidation.
As the name might suggest, Pensionology mainly dealt with people’s pensions, and conducted many pension transfers and switches, sometimes into SIPPs: Self-Invested Personal Pensions.
But Pensionology was told by the UK Finance Watchdogs at the FCA that they must NOT “carry on any regulated activities in relation to retail investment business including pension switches and/or pension transfers to any self-invested personal pension scheme, where the customer’s funds are to be invested in Non-Mainstream Pooled Investments.” This meant that Pensionology couldn’t invest people’s pensions into SIPPs that contained nothing but high-risk investments.
By May 2017, Pensionology was mentioned in the Strand Capital situation, which has now closed down.
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