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DB Transfer Message Is Confusing For Pension Savers

The fuss about transfers from direct benefit pensions shows no sign of abating despite action by consumer watchdogs to cool the market. The Financial Conduct...

Lifetime Ban For Jailed £14.5m Ponzi Scammer

Disgraced financial adviser faces a lifetime ban from financial services as he serves a six year jail sentence for the part he played in...

Pension Savers Paid £49 Million For ‘Reckless’ Advice

Thousands of retirement savers have picked up compensation after advice firms failed to give them the right pension guidance. The Financial Services Compensation Scheme (FSCS)...

SIPP Providers Paying Out More Than Savers Put In

SIPP providers paid £3 billion more to pensioners than they picked up in contributions in the last three months of 2018. Pensioners were paid £15...

Watchdog Lifts Lid On Hush-Hush Scam Investigators

Britain’s leading financial watchdog has lifted the lid on how pension scams are investigated - and revealed 20 scammers are under scrutiny for suspected...

How To Spot An Investment Scam

If you are scouring the markets for investments that maximise returns, you need to know how to spot dodgy companies and advisers . In the...

Young Investors Favour Cryptocurrency

Wealthy American millennials are backing cryptocurrency by ploughing their cash into the market, says a new study. To qualify as wealthy the millennials must be...

Pension Scammers Rip-Off Victims By £32,000 Each

Average savers lose £32,000 each to pension scammers and millions of retirement savers over 55 years old fall victim to the fraudsters, according to...

Spectacularly unsuccessful fraudster jailed for two years

Fraudster Manraj Virdee was sentenced to two years in jail for running a ‘spectacularly unsuccessful’ investment scheme that netted £600,000 mainly from friends and...

Investment Scams Cost Victims £29,000 Each

It’s the tax year end and fraudsters are lying in wait to trick unwary investors out of their cash, a financial consumer watchdog is warning. The...

UK Looks At Cryptocurrency Guidelines For Traders

British financial watchdogs want to draw up guidelines for consumers and traders dealing with cryptoassets in the UK. The Financial Conduct Authority (FCA) has issued...

Regulator Tightens Noose On Rogue Pension Advisers

Financial regulators are launching new pension transfer rules in a bid to stop rogue advisers ripping off retirement savers. The Financial Conduct Authority (FCA) is...

Pension Misselling Set To Become Next Financial Scandal

Pension misselling is expected to become the next big financial scandal with insurers and advisers taking a hit of billions of pounds. The industry estimates...

Financial Watchdog Takes A Bite Out Of Platform Fund Charges

Financial watchdogs want to beef up competition between online platforms to give consumers a better deal from investing in funds. The move comes after a...

76% Of CFD Traders Lose Money On Their Deals

Financial firms making big profits from controversial CFD trading say new rules controlling the market are too strict. CFDs - contracts for a difference -...

Scammers Snatch £87,000 A Day From Online Investment Fraud

Fraudsters are getting away with more than £87,000 a day from scams advertised on social media, according to financial watchdogs. Government regulator the Financial Conduct...

Pension Transfer Advice Crack Down May See IFAs Quit

Fewer financial advisers may offer pension transfer advice after a clear warning from watchdogs that all their dealings with clients are under scrutiny. Financial firms...

‘Devious’ £1.4 Million Boiler Room Scammer Jailed

£1.4 million boiler room scheme mastermind Samrat Bhandari has been jailed for 42 months by a crown court judge. Branded as ‘self-centred and devious’ Bhandari...

Boiler Room Scammers Guilty Of £1.4m Fraud

Scammers raised £1.4 million from hundreds of unwary investors by claiming worthless shares in a health care company would generate stellar returns. The gang tricked...

Free Pension Advice Is A Scam, Warns Watchdog

Free pension advice is a scam, according to a leading consumer watchdog The warning has gone out to anyone contemplating moving their pension savings away...