#pensionscam

Fighting pension scams: Regulation If it was easy to stop pension scams, everyone would be doing it. Clearing up the mess left behind a pension scam is a huge challenge. This is why clear international standards need to be recognised and adopted. The scammers are like flocks of vultures. If people only used regulated firms, they could avoid a lot of scams. Read the full blog here - https://pension-life.com/fighting-pension-scams-regulation/ #pensionlife #pensionscam #costascam #pensionscammers #expat #Britishexpat #vultures #regulation #international #fighting #doctor #nurse #standards https://www.instagram.com/p/Bw6vfkHlihy/?igshid=11d5ddjaegfa8

Blackmore Bond – yet another failed investment? Blackmore Bond – yet another reason why only regulated advisers should be used for investment advice. The clear link between the recently-failed LCF Bond and Blackmore Bond through Surge Group remind us how important regulated investment advisers are. This time we read that they have ‘temporarily’ closed their bond – the Blackmore Bond – to new business. Just a few weeks ago, Blackmore Bond changed the wording of the sales material on this product. This new transparency revealed costs of 20% and the high risks involved in the bond. Prior to this, these details were well hidden in the small print. Read the full blog here - https://pension-life.com/blackmore-bond-yet-another-failed-investment/ #pensionlife#pensionscam #bonds #investmentscam #blackmoreglobal #blackmorebond #surgegroup #paulcareless #failed #investmentsadvice #lcf https://www.instagram.com/p/BwtzlrzFAvF/?igshid=18gwp5zvpfp70

Transferring pensions to scammers – the ABC of shame HOW DO PENSION SCAMS WORK? Every pension scam starts with a negligent transfer. Ceding providers hand over millions of pounds to pension scammers every year. Firms – from Aviva to Zurich – ignore warnings by regulators and HMRC. The providers tick their boxes; the scammers make their millions; the victims are ruined. The ceding providers have something significant in common with the scammers. When we expose some of the scammers, their lawyers swing into action. I once had letters from Carter Ruck, Mishcon de Reya and DWF land on my desk all in one day. The scammers’ lawyers bleat loudly about their “poor” clients’ reputations. Read the full story here - https://pension-life.com/transferring-pensions-to-scammers-the-abc-of-shame/ #vulture #hmrc #pensionscam #cedingproviders povider #aviva #Zurich #pensionlife #pensionscammers #pensionfund #pensionscam #royalmail #dbpensions #dbpension #pensionfund #retirement #retire #retirementplanning #victims #pensiontrustees #cedingproviders https://www.instagram.com/p/BwtyyQJlzho/?igshid=umpadvvebp2

FCA boss £589,000 – Whistleblowing team £500,000 THE DIZZEE RASCALS AT THE FCA: My exasperation and disgust at the FCA’s incompetence has for years been very profound. However, learning that Andrew Bailey – CEO of the FCA – gets paid 18% more than the whole whistleblowing team of 12, has made me feel two things: 1 - Enormous respect for the gentlemanly and (IMHO) restrained manner in which Henry Tapper has written his blog about the FCA and Debbie Gupta. The latter is blaming IFAs for “failures to call out bad practice” and claims her “view of the industry is not as positive as it could be”. 2 - Sick Read the full blog here - https://pension-life.com/fca-boss-589000-whistleblowing-team-500000/ #dizzeerascal #pensionscam #whistleblowing #henrytapper #ifa #sick #badpractice #faliure #disgust #pensionlife #pensionscammers #pensionfund #lifeassurance #financialadviser #embarassment #bonkers https://www.instagram.com/p/BwCEAq9hDsR/?utm_source=ig_tumblr_share&igshid=1h0tz7yihkhf0

Store First v Insolvency Service Battle – the Insolvency Service’s Witness Statement In the run up to the High Court proceedings to hear the Insolvency Service’s petition to wind up Store First, here is some background. This is an abridged version of the Insolvency Service’s witness statement regarding the Store First pension investment scam. It involved two bogus occupational pension schemes set up and administered by Stephen Ward of Premier Pension Solutions: Capita Oak and Henley Retirement Benefit Scheme. Ward also administered the transfers from the ceding schemes. In addition to Capita Oak and Henley, there were hundreds of transfers from SIPPS such as Berkeley Burke and Carey Pensions. One very important issue is that the below Insolvency Service’s witness statement dated 27.5.2015 (by Leonard Fenton) is so full of inaccuracies, misunderstandings, incomplete facts and an obvious failure to understand how the scam worked – as to be utterly laughable. The Insolvency Service and the High Court will rely heavily on this witness statement – and yet it has so many holes and errors that it is misleading, incomplete and meaningless. I asked the Insolvency Service questions about the incorrect and incomplete statements and made numerous comments on the failings contained within the statement. But the Insolvency Service did not even have the courtesy to reply or even acknowledge my communication. In my view, this is arrogance and incompetence in the extreme. Read the full story here: https://pension-life.com/store-first-v-insolvency-service-battle-the-insolvency-services-witness-statement/ #pensionlife #pensionscam #witness #sipps #careypensions #insolvency #incompetent #statement #capitaoak #stephenward #premierpensionsolutions #storefirst #storeyourstuff #pensionloss #errors #misleading #laughable #henleypensionscam #henley #retirement #faliure #highcourt #arrogance #scheme #important #faliure https://www.instagram.com/p/Bv3sXVYBhGN/?utm_source=ig_tumblr_share&igshid=92zchd2dgtml

Store First v Insolvency Service Battle April 2019 sees the battle between Store First and the Insolvency Service. On April 15th, the High Court proceedings will kick off. As a result, the Store First v Insolvency Service will determine how many people will lose their pensions permanently. Two sets of very expensive lawyers – DWF and Eversheds Sutherland – will battle it out to see if Store First can continue trading. In the end, if the Insolvency Service wins the war, then both law firms and an insolvency practitioner will get rich. As a result of the Insolvency Service winning, 1,200 pension scam victims will probably lose the majority of their investments in Store First. In most insolvencies, there is little left after the various snouts in the insolvency trough have had their fill. Investors will be lucky to get 10p in the pound. If there’s an “R” in the month. And if it is snowing. And if Brexit has a “happy ever after” ending. Read the full story here: https://pension-life.com/store-first-v-insolvency-service-battle/ #pensionlife #pensionscam #storefirst #insolvency #witness #storage #selfstorage #pension #financiallyruined #lawless #expensive #kickoff #highcourt #brexit #happyeverafter #fairytale #lucky #snowing #happyending #winsthewar #parkfirst #nightmare #stress #rich #poof #poor https://www.instagram.com/p/Bv3qMGmhoCp/?utm_source=ig_tumblr_share&igshid=1ay3zhpyyl2wm