The FSCS regularly publishes a list of firms it has declared in default, meaning they are unable to pay out on claims made against them. A business called Vantage Investment Group, owned and run by two Norwich-based brothers, appears on … Read more ….
The FCA has fined five directors over failings in their pension transfer business. The regulator says three firms acted “without integrity” and mislead the FCA over their conduct. “They acted recklessly in closing their minds to the obvious risks. They … Read more ….
Advice firm, Consumer Wealth based in Gateshead is yet another advisory firm who has entered into voluntary liquidation, doing so in January this year. RSM are the administrators appointed to the firm, who went into liquidation with 13 Financial Ombudsman … Read more ….
The number of Self-Invested Personal Pension or SIPP complaints that have escalated to the Financial Ombudsman Service (FOS) has increased from previous quarters as we head into 2019, with no sign of slowing down. In the final quarter of 2018, … Read more ….
Since announcements and new regulation came into effect with regards to pensions and in particular pension transfers, the industry has certainly seen an uptake in activity – good and bad. With news that the FCA has been working on a joint strategy with … Read more ….
Recent news reports and research from New Model Adviser, has once again highlighted the pension transfer debacle as nine more firms have ceased pension transfer activity, or at the very least have had to limit such transactions. With the FCA … Read more ….
The pension landscape has changed dramatically over a relatively short period. This is typified by the increasing scarcity of final salary pension schemes available in the workplace, with employers growing more and more reluctant to maintain such long-term pension liabilities. … Read more ….
Heather Dunne is a consultancy firm that specialises in support services for independent financial advisors (IFAs) active in the pension transfer sector. The paraplanner was intrinsically involved with the owner’s alternative business, Heather Dunne IFA, which operated in the final … Read more ….
The British Steel Pension Scheme (BSPS) scandal has had severe ramifications for the final salary pension transfer sector at large, resulting in thousands of compensation claims and swathes of regulatory changes from the Financial Conduct Authority (FCA). Numerous independent financial … Read more ….
Financial complaints against Greyfriars Asset Management were sure to be incoming after the firm received new restrictions from the Financial Conduct Authority (FCA) in August 2018. It has been less than a month since the self-invested personal pension (SIPP) provider … Read more ….