17/04/2019
The FCA has warned that it has seen an increase in scams ran through discretionary fund managers – often a part of SIPP pensions. DFMs are portfolios of investment bonds The bonds are chosen and managed Portfolios are often rated by risk Many DFMs may involve scams Did you move your pension to a SIPP … Continued
29/10/2018
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
17/10/2017
Has high-complaints driven the FCA to weigh up options about mis-sold pensions? Regulator asks SIPP providers to show their cards Non-standard investments focal point on investigation What IS a non-standard Investment? Could you be effected? The Financial Conduct Authority has asked all providers of Self-Invested Personal Pensions (SIPPs) to reveal the details of any non-standard … Continued
11/09/2017
The list of FCA restrictions to Beaufort operations seems to be growing Beaufort Asset Clearing Services Limited is the latest section of Beaufort to have restrictions added to it’s FCA register record, in this case meaning that the Asset Clearing wing must “cease to accept new monies or assets”, including from either “new or existing … Continued
09/08/2017
The FCA is worried about a DFM mis-selling crisis through SIPP Pensions How much risk did you want to take with your investments? And how much have they really put you in? Discretionary fund management is an arrangement where you give your investment money to a Discretionary Fund Manager, who invests it into portfolios it … Continued
11/07/2017
Organic Investment Management made the decision after an FCA visit, but the reason is not publicly known at this time Discretionary Fund Management firm, Organic Investment Management has informed independent financial advisers that it is not currently accepting new business into any of its risk-based investment portfolios. The decision, announced to IFAs via an email … Continued
03/07/2017
Administrators presiding over Strand Capital DFM have asked SIPP providers to consider paying the DFM’s insurance in the event that claims are made against it for losses. Strand Capital DFM, which is said to have over £86 Million under management, entered special administration back in May and had restrictions on it’s permission placed on it … Continued
