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NEWS: Berkeley Burke in Administration over mis-sold pensions

09/19/2019

SIPP pension provider now in insolvency proceedings The pension provider at the centre of a high-profile court case, Berkeley Burke SIPP Administration Limited, has followed other SIPP providers into administration. Berkeley Burke appointed Adrian Allen and Diana Frangou of RSM Restructuring Advisory LLP to be the joint administrators over the firm’s insolvency proceedings, with many … Continued

financial adviser reveals his true face

Is your DFM investment portfolio a scam?

04/17/2019

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

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

Make a complaint about Guiness Mahon SIPP pensions

Claims against Guinness Mahon SIPPs may be on the horizon over pension mis-selling

06/05/2018

Several law suits are staring down SIPP provider Guinness Mahon regarding its relationship with marketing firms who directed people towards Guinness Mahon SIPPs filled with high-risk investments. While many claims against financial advisers who recommended Guinness Mahon SIPPs have already paid out due to negligent financial advice, claims against SIPP providers are quite rare as … Continued

Carey Pensions Claims

Carey Pensions identifies and separates problem SIPPs with letters to clients

02/19/2018

SIPP administrator Carey Pensions has written out to some SIPP holders on its books to tell them that thei pension has been identified as “distressed”, and will be transferred to a new pension scheme: CPS2. The new scheme, includes “members with illiquid non-standard assets” – usually high-risk investments. Carey Pensions Writes to Distressed Clients The … Continued

What is a non-standard asset?

FCA probes SIPP providers about number of non-standard investments – what does it mean for your pension?

10/17/2017

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

Enquiries about SIPP and pension transfers increase AGAIN, says Ombudsman

08/15/2017

Are you sat on a SIPP complaint? The FOS (Financial Ombudsman Service) has published figures that show a 59% increase in enquiries relating to Self-Invested Personal Pensions (SIPPS) in Q1: April – June 2017, along with a rise in complaints regarding pension transfers. The service which has the power to force companies to pay clients compensation … Continued

SIPP company accused of “gagging” Ombudsman complaints

08/15/2017

Carey Pensions has been accused of sending “threatening” letters to it’s clients in an effort to halt FOS decisions going public If you’ve ever wondered whether you can read about upheld ombudsman complaints against financial firms and institutions, you can – just go to http://www.ombudsman-decisions.org.uk, but one SIPP provider – Carey Pensions, has been accused of … Continued

Car Park SIPP Claims

Furness Financial Management – 2 win claims for mis-sold pension advice

07/27/2017

The FOS found in favour of the client in two cases involving unsuitable pension investments in SIPPs Furness Financial Management, no-longer authorised by the FCA and declared “in default” with the FSCS, was based in Staffordshire, and as of 2017 has 2 FOS decisions held against it, both relating to advice it gave clients about moving … Continued

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