Scams
‘Highly unlikely’ Providence investors will get money back
Investors in the doomed Guernsey-based Providence Investment Funds have been told it is “highly unlikely” they will receive any money back, as a campaign group is set up on their behalf to target an FCA-regulated firm it claims is behind the funds’ promotion.
Investment | 28 Dec 16
Scams and rogues of 2016
International Adviser revisits some of the biggest investment scams and scandals reported in 2016 as we look forward to the day when greater transparency delivers better client outcomes.
Retirement | 15 Dec 16
Providers voice concerns on limits to UK pension transfers
The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.
Best Practice | 9 Dec 16
Six things the UK gov’t can do to deter pension scammers
The UK Government’s proposed ban on pensions cold-calling will deter scammers but must be just the start of a concerted effort to drive fraudsters out of the market, says AJ Bell.
Tax & Regulation | 21 Nov 16
Cold calling ban a golden opportunity but other dangers lurk
The government’s plans to crack down on pension cold calling have been hailed as a “golden opportunity” to correct the UK’s “disastrous” rules that are as much use as a “chocolate teapot”, says Angela Brooks of Pension Life.