Scams
UK Insolvency Service shuts down rogue investment scheme
Investors were quoted returns of 10-15% per week or month
Cold-calling pension company vanishes with millions
An abusive UK pension company that pumped millions into notorious ‘storage’ investments has been shut down by the High Court.
Massive boiler room scammer gets more UK jail time
A fraudster known as the “Wolf of Wimbledon” has been given an additional four years in prison after failing to pay a more than £7.5m ($9.9m, €8.5m) confiscation order, the Serious Fraud Office has confirmed.
Pension firm with 15 schemes shuttered by UK court
A group of 15 rip off pension schemes operated by a single company, which duped savers and allowed “unsavoury advisers” to pocket £4m in commissions, have been declared insolvent.
Best Practice | 19 Feb 18
Stricter rules needed to tackle pension scams
The majority of UK adults want stricter rules put in place to ensure their pension pots are secure, according to research by the Pensions and Lifetime Savings Association (PLSA).