Insolvency Service
‘House of cards’ pension scheme bosses banned for 34 years
They ‘liberated’ around £12m of funds promising 6% returns
Four UK firms wound up after duping overseas investors
Funds were raised from people based in Russia, Australia, Dubai, Oman and South Africa
Ponzi scheme victims targeted by fraudsters
Insolvency Service says to not engage with anyone who claims they can salvage money invested
Best Practice | 30 Jul 19
Worrying rise in young adults entering insolvency
Sparks outcry from PFS chief executive Keith Richards for financial education to tackle the issue
Investment company taking 40% commission shut down
Customers cold-called about corporate and alternative bonds