Transferred? Why your final salary pension transfer may lose you money
25/04/2019
Thousands have lost money from mis-sold final salary pension transfers without realising it, even if it looks like their pension is growing!
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
Berkeley Burke loses SIPP due diligence appeal
30/10/2018
SIPP provider Berkeley Burke has lost its Judicial Review case against the Financial Ombudsman’s decision to hold it accountable for a SIPP complaint case. The FOS ruled against Berkeley Burke back in 2014, saying that it failed to do the required due diligence checks over taking on high-risk and unregulated investments onto it’s books. High Risk … Continued
1 in 8 believe they have been mis-sold by their financial adviser
18/10/2017
Is the true scale of pension mis-selling becoming too big to ignore? 13,000 interviewed by FCA 13% of those surveyed said they felt mis-sold Same percentage felt they received other bad advice How to spot your own mis-sold pension The FCA has conducted its 2017 Financial Lives Survey, asking 13,000 people about their personal financial, … Continued
Designed 4 Life Ltd data bought by previous directors as claims continue
17/10/2017
Former directors of Designed 4 Life Ltd buy client data from liquidator Can old client’s expect a call? FSCS pays out over £500k for Designed 4 Life Advice Phoenixing? Are you entitled to make a claim? The former directors of liquidated advice firm Designed 4 Life have bought the company’s client data from the liquidator, … Continued
Are you caught up in the pension mis-selling scandal? These 4 questions can help you get answers
10/08/2017
I’ve lost my pension to a bad investment: Fight or flight? The choice is yours.
01/06/2016
Fight or Flight with your mis-sold pension investments Losing your pension through a bad or even fraudulent investment is a terrifying experience, filled with its own special brand of heartache and worry about your future financial position. Worse than that, it happens all the time too! Despite the fantastic efforts of the Financial Conduct Authority … Continued
FCA visits more Wealth Management firms to assess suitability – why this should be an alarm for consumers
13/05/2016
If you needed more evidence to cement your suspicions that some IFA’s simply aren’t up to the job when it comes to offering pensions, SIPPs and investments suitable for the client, you need look no further than the FCA’s recent comments to Wealth Manager. Anybody that has been mis-sold their pension will KNOW that some … Continued
The Sun slams into Ethical Forestry bosses and demands they pay investors back millions!
21/03/2016
In a powerful article about pension investments the Sun’s Kelvin MacKenzie suggested that Bournemouth based investment group Ethical Forestry should be subject to a fraud investigation, amid calls from other investors left out in the cold. Ethical Forestry was a high-risk unregulated investment scheme that allowed savers to invest a minimum of £18,000 into a … Continued