Tag Archives: Scam

FOS finds Mr L to be trying it on

We received 16,276 new complaints about investments and pensions in 2021/22. The most complained-about product was personal pensions and the most complained-about issue was administration or customer service. Read more on our website: https://t.co/XOBoDVjZAb pic.twitter.com/2NdaSN6eIi — Financial Ombudsman Service (@financialombuds) … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

Protecting pension savers – five years on from the pension freedoms: Pension scams

Are we doing enough to stop pension scams? The question was asked by MP Nigel Mills at the Jan 6th Work and Pensions Select Committee’s session chaired by Stephen Timms. The question was directed at the Mark Steward, Executive Director … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Lessons to learn from Dolphin Trust

  18 months after its first program, Radio Four’s You and Yours program has produced a second program on Dolphin Trust (aka the German Property Group). You can listen to the second program here As I’d followed up on the … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Justice delayed is only just justice. The Avacade judgement is 7 years late

Two companies ordered to pay £10.7m to investors sold risky #pension investmentshttps://t.co/pfDPr1UiO0 via @financialtimes — Josephine Cumbo (@JosephineCumbo) August 10, 2020 The FCA’s judgement against Avacade and Alexandra Associates is justice but only just. The FCA is requiring the two … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | Leave a comment

“That’s an interesting choice”

“That’s an interesting choice” is a statement that interests me a lot. It is an entirely satisfactory response to a test we have just started with the FCA in which we allow people to compare pension pots by way of … Continue reading

Posted in actuaries, advice gap, age wage, pensions | Tagged , , , , , , , , , | Leave a comment

Increasing pension scam awareness

  As AgeWage prepares for its journey into the FCA Sandbox, we are becoming more aware of the vulnerability of ordinary people to pension scams. We are really worried about the impact of unemployment, especially on those who are over … Continue reading

Posted in pensions | Tagged , , , , , , , , | 1 Comment

“Influencing” scams; what your kids see on Insta

The FCA has issued a warning about http://www.1-to-1trading.co.uk ; you can read it here I didn’t find out from the FCA , I found out via an excellent article by David Byers – writing in the Times. The reality TV … Continue reading

Posted in age wage, pensions | Tagged , , , , , | Leave a comment

Stop scamming – by giving people better choice.

I’m a fan of Government intervening to stop scamming. It’s good that the FT on.ft.com/2P1VT5c  and BBC are reporting “SCAMSMART” the FCA’s new initiative to stop scamming. But this intervention has to be accompanied by positive action from the private sector. People … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 1 Comment

The DB white paper consultation- is it a scam, a closed shop or just a cock-up?

      As one of the DWP’s “stakeholders”, I got this message in my inbox yesterday. “I wanted to make you aware that the DWP has published a consultation for A Stronger Regulator today covering elements of its White … Continue reading

Posted in DWP, pensions | Tagged , , | 2 Comments

Bamboozled by vultures! – The Work and Pensions report on Port Talbot

Though it reveals little new, Frank Field’s report into what happened  in the British Steel Pension Scheme is nothing if not a good read. But we shouldn’t allow headlines about sausage ‘n’ chips suppers and factory-gate skulduggery to get in … Continue reading

Posted in BSPS, pensions | Tagged , , | 3 Comments