Giving Savers Pension Freedoms Is Risky, Says Consumer Watchdog
Giving retirement savers the responsibility to make their own financial decisions is one of the main drivers of poor pension outcomes, says consumer watchdog the
Scams And Risky Investments Worry Financial Watchdog
Investors are taking on too much risk because low interest rates are making them hunt for higher growth, warns the UK financial watchdog. The Financial
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 running
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 fraud.
How To Spot Investment Scams
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 new
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 family.
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