Money and Me Claims

01/07/2019

With regular FCA warnings being published on how Defined Benefit/Final Salary pension transfer business should be conducted, we, like many are expecting that this will be the next mis-selling scandal.

01/07/2019

https://citywire.co.uk/new-model-adviser/news/fca-warning-for-advisers-as-db-transfers-pass-82bn/a1241763?re=65455&ea=509745&utm_source=BulkEmail_NMA_Daily_EAM&utm_medium=BulkEmail_NMA_Daily_EAM&utm_campaign=BulkEmail_NMA_Daily_EAM

A survey of advice firms with defined benefit pension transfer permissions has found more than £82 billion has been recommended to transfer since pension freedoms, raising concerns for the regulator

20/09/2018

The FCA has vowed to improve final salary pension transfer suitability to within the acceptable levels of the broader pension market.

The Financial Conduct Authority (FCA) has vowed to improve final salary pension transfer suitability to within acceptable levels of 90%.

27/08/2018

SIPP Provider Berkeley Burke Finally Scheduled for FOS Hearing

SIPP provider Berkeley Burke ran into trouble with the Financial Ombudsman Service (FOS) in 2014 over a lack of due diligence relating to the Sustainable AgroEnergy scheme.

24/08/2018

FOS Rules Against Scheme Provider for Pension Transfer Advice

In a recent pension transfer advice claim, the FOS has ruled against a scheme provider for not conducting adequate checks on the claimant's new scheme.

23/08/2018

Pension Advice: MPs Plan to Review Adviser Charges

Pension advice charges have been called into question by the Work and Pensions Select Committee in a review following the BSPS scandal.

23/08/2018

The Financial Conduct Authority (FCA) has repeatedly asserted that final salary pension transfers are rarely in the best interests of clients.

After years of rife final salary pension transfer mis-selling, the tide appears to be turning against negligent IFAs.

22/08/2018

Pension Transfer Scam Costs Victims an Average £91,000

Details of a new pension transfer scam have surfaced, where pension holders sustained average losses of up to £91,000 per person.

06/07/2018

Multiple financial claims have recently been levied against Guinness Mahon, with allegations of unsuitable investment advice involving alternative investments and unregulated introducers. Read more:

Guinness Mahon is facing multiple self-invested personal pension (SIPP) claims relating to interactions with unregulated introducers and investments.

05/07/2018

In July 2018, it was reported that Strand Capital’s investment management insurance policy had expired, and that the special administrators could not fund an extension of the policy.

Financial claims against DFM Strand Capital are being handled by a complicated arrangement between the firm's administrators, their insurer, and the FSCS.