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Featured Post
FSCS warns over limit-breaching losses

The Financial Services Compensation Scheme has warned it is seeing an increase in consumers who have lost more than the total amount of compensation it can provide.

Read the full story
Read the full story
Featured Post
Alexander David Securities Enters Liquidation

Alexander David Securities entered voluntary liquidation on July 1. After stopping the firm from disposing of assets without its approval due to unpaid compensation, the FCA said it “remained concerned” that the firm was not able to meet its debts as they fell due.

Read the full story
Read the full story
Featured Post
FSCS to pay out £44mn on Lifetime Sipp

FSCS to pay out £44million on Lifetime Sipp but more claims on way. The liquidators said the process could take another two years to complete.

Read the full story
Read the full story
Featured Post
Vector Wealth that issued mini-bonds enters administration

Investment firm Vector Wealth has entered into administration and is currently being investigated by the Financial Services Compensation Scheme on the investment services it provided.

Read the full story
Read the full story
Featured Post
FCA cancels IFA Frensham Wealth Limited permissions

The Financial Conduct Authority has cancelled the permissions and authorisation of IFA Frensham Wealth Limited, saying it had "serious concerns"

Read the full story
Read the full story
Featured Post
FSCS declares advice firm in default with 31 claims - Athena Wealth

The Financial Services Compensation Scheme has declared a Nottingham-based advice firm - Hamilton Rose Wealth Management Ltd, trading as Athena Wealth and as theisaexpert.co.uk in default, one month after it was struck off the Companies House register.

Read the full story
Read the full story
Featured Post
Ombudsman cracks down on trustees with new anti-scam unit

The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.

Read the full story
Read the full story
Featured Post
FSCS tells Forthplus clients to bring claims against their IFAs

The Financial Services Compensation Scheme (FSCS) is encouraging clients of defunct Sipp provider Forthplus Pensions to bring claims against their financial advisers.

Read the full story
Read the full story
Featured Post
FSCS declares Swansea advice firm in default

The Financial Services Compensation Scheme has declared a Swansea advice firm Foresight Financial Services Ltd in default.

Read the full story
Read the full story
Featured Post
MoD to reinstate Armed Forces Scheme member after scam transfer

The Ministry of Defence will have to reinstate a former member to the Armed Forces Pension Scheme and pay him £2,000 for severe distress and inconvenience.

Read the full story
Read the full story
Featured Post
Liberty Sipp claims continue to grow as £52m paid out

The Financial Services Compensation Scheme has paid out £51.8m in compensation on claims it received against defunct self-invested personal pension provider Liberty Sipp.

Read the full story
Read the full story
Featured Post
FCA cracks down on appointed representatives model

The Financial Conduct Authority has proposed tougher measures to tackle harm caused by the appointed representatives regime.

Read the full story
Read the full story
Featured Post
At least 25 mini-bond issuers collapsed since 2018, FCA data shows

At least 25 firms issuing mini-bonds have collapsed since 2018 according to data from the Financial Conduct Authority.

Read the full story
Read the full story
Featured Post
FSCS shells out 123m in SIPP-related compensation in 2018/19

The Financial Services Compensation Scheme (FSCS) paid out £123m for claims relating to SIPPs in its 2018/19 financial year - up £11m from the previous period.

Read the full story
Read the full story
Featured Post
FCA Takes Action Against Unauthorised Car Park Investment Scheme

An unauthorised airport car parking investment scheme 'Park First' operator has closed some of its schemes following discussions with the FCA.

Read the full story
Read the full story
Featured Post
EIS manager sends Mifid II 10% drop alert

Downing, a London based investment manager, has notified clients and advisers about the drop in value of its Downing Renewable EIS portfolio, which was launched in 2012 and carries a 30 per cent income tax relief.

Read the full story
Read the full story
Featured Post
Sipp firm Guinness Mahon faces claims over unregulated introducers

A law firm has issued five cases against Sipp administrator Guinness Mahon Trust Corporation over allegations it worked with unregulated introducers to facilitate non-standard investments.

Read the full story
Read the full story
Featured Post
Adviser to compensate over Lifetime Sipp Harlequin investment

Advice firm Lansdown Place Financial Management must compensate a client who complained about the transfer of their pension into a Harlequin fund through a Lifetime Company Sipp.

Read the full story
Read the full story
Featured Post
Collapsed Sipp provider racks up £56m in compensation claims

Compensation claims against collapsed Sipp firm Lifetime Sipp Company have been valued at nearly £56m.

Read the full story
Read the full story
Featured Post
FCA and Insolvency Service sign new deal to fight phoenix firms

The FCA and the Insolvency Service have signed a new deal to crackdown on misconduct after firms collapse.

Read the full story
Read the full story
Featured Post
Revealed: FCA sent huge questionnaire to advisers for platform market study

The Financial Conduct Authority (FCA) sent out a 14 section strong request for information to some advice firms as part of its platform market study, Professional Adviser can reveal.

Read the full story
Read the full story
Featured Post
Watchdogs Investigate £120m Storage Pod Investment Scams

Several pension schemes, including the Capita Oak Pension and Henley Retirement Benefit plans, and self-invested personal pensions (Sipps) are being investigated as part of the probe which covers investments made since 2011.

Read the full story
Read the full story
Featured Post
Why The Ban On Cold Calling Pensioners Won't Stop Scammers

Outlawing unsolicited calls or emails about pensions will fail to stop scammers who have stolen increasingly large amounts of cash from unsuspecting savers, experts have warned.

Read the full story
Read the full story
Featured Post
The Nine Most Toxic Investments Ever

From ostrich farms to "rare earth" metals, we round up the investments that are simply too risky for pension savers

Read the full story
Read the full story
Featured Post
FCA: Only Half of DB Transfers Rated Suitable

FCA: Only half of DB transfers rated suitable

Read the full story
Read the full story
Featured Post
Sesame To Pay Redress Over Sipp Investment In Cape Verde Fund

Sesame to pay redress over Sipp investment in Cape Verde fund

Read the full story
Read the full story
Featured Post
London-Based DFM Investigated by US Authorities

London-based fund firm Beaufort Securities has been charged with money laundering and securities fraud by the US Department of Justice, the FCA has revealed.

Read the full story
Read the full story
Featured Post
FOS Tells Adviser to Pay Client over £30k Loss Through Unsecured Sipp Loan

The Financial Ombudsman Service has told an adviser 'O'Rourke Partnership' to compensate a client who they told to make an unsecured loan to a third party with money from their Sipp.

Read the full story
Read the full story
Featured Post
DFM Placed into Insolvency After FCA Investigation

The regulator applied to the High Court to place Beaufort Securities Limited and Beaufort Asset Clearing Services Limited into insolvency after assessing the firms’ finances.

Read the full story
Read the full story
Featured Post
Two Advisers Plead Guilty to £17m Fraud

Two Norfolk based financial advisers have plead guilty to using a high risk investment scheme to defraud more than 200 investors out of pension savings worth £17m.

Read the full story
Read the full story
Featured Post
FOS Penalises Intrinsic Over Sipp Transfer To Harlequin

The Financial Ombudsman Service has ruled against Intrinsic Financial Planning over a client who switched his personal pension to a self-invested personal pension in order to invest in Harlequin.

Read the full story
Read the full story
Featured Post
FOS Orders Compensation Over Advice To Transfer Sipp Into Cypriot Property

The Financial Ombudsman Service has told advice firm Kingsway Wealth Management to compensate a client who invested his pensions into residential apartments in Limassol, Cyprus.

Read the full story
Read the full story
Featured Post
FCA Warns Consumers Over Risky DB Transfer Investments

The FCA is warning consumers to be wary of any contact out of the blue by call, email or text offering to discuss their pension or a free pension review.

Read the full story
Read the full story
Featured Post
Coutts To Compensate SIPP Investor Over Poor Advice

The Financial Ombudsman Service has ordered wealth manager Coutts & Company to pay compensation

Read the full story
Read the full story
Featured Post
Fool’s Gold: How Mifid II Has Revealed The True Cost Of Funds

Fool’s gold: How Mifid II has revealed the true cost of funds; Pensions Ombudsman sides with Aegon over ‘misleading’ fund fact sheet claim

Read the full story
Read the full story
Featured Post
Investment Scams Are Being Hidden In DFMS

The Financial Conduct Authority (FCA) has warned Sipp providers about the possibility of pension scams using a discretionary fund manager (DFM) structure to hide underlying investments.

Read the full story
Read the full story
Featured Post
SIPP Providers Braced For Fresh FCA Action

Sipp firms are bracing themselves for more regulatory inspection as the Financial Conduct Authority (FCA) takes another look

Read the full story
Read the full story
Featured Post
Advisers In Limbo Over Govt Delay To Tax Reforms

Advisers have criticised the Government’s decision to push back legislation...

Read the full story
Read the full story

latest news 

Welcome to our Pension & Investment  news page 
Giving you the latest free updates on pension & investment stories in the UK.

Click on the subject for more information.

FSCS warns over limit-breaching losses

The Financial Services Compensation Scheme has warned it is seeing an increase in consumers who have lost more than the total amount of compensation it can provide.

Read More

Alexander David Securities Enters Liquidation

Alexander David Securities entered voluntary liquidation on July 1. After stopping the firm from disposing of assets without its approval due to unpaid compensation, the FCA said it “remained concerned” that the firm was not able to meet its debts as they fell due.

Read More

FSCS to pay out £44mn on Lifetime Sipp

FSCS to pay out £44million on Lifetime Sipp but more claims on way. The liquidators said the process could take another two years to complete.

Read More

Vector Wealth that issued mini-bonds enters administration

Investment firm Vector Wealth has entered into administration and is currently being investigated by the Financial Services Compensation Scheme on the investment services it provided.

Read More

FCA cancels IFA Frensham Wealth Limited permissions

The Financial Conduct Authority has cancelled the permissions and authorisation of IFA Frensham Wealth Limited, saying it had "serious concerns"

Read More

Ombudsman cracks down on trustees with new anti-scam unit

The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.

Read More

FSCS declares Swansea advice firm in default

The Financial Services Compensation Scheme has declared a Swansea advice firm Foresight Financial Services Ltd in default.

Read More

FSCS tells Forthplus clients to bring claims against their IFAs

The Financial Services Compensation Scheme (FSCS) is encouraging clients of defunct Sipp provider Forthplus Pensions to bring claims against their financial advisers.

Read More

FSCS declares advice firm in default with 31 claims - Athena Wealth

The Financial Services Compensation Scheme has declared a Nottingham-based advice firm - Hamilton Rose Wealth Management Ltd, trading as Athena Wealth and as theisaexpert.co.uk in default, one month after it was struck off the Companies House register.

Read More

MoD to reinstate Armed Forces Scheme member after scam transfer

The Ministry of Defence will have to reinstate a former member to the Armed Forces Pension Scheme and pay him £2,000 for severe distress and inconvenience.

Read More

At least 25 mini-bond issuers collapsed since 2018, FCA data shows

At least 25 firms issuing mini-bonds have collapsed since 2018 according to data from the Financial Conduct Authority.

Read More

FCA cracks down on appointed representatives model

The Financial Conduct Authority has proposed tougher measures to tackle harm caused by the appointed representatives regime.

Read More

Liberty Sipp claims continue to grow as £52m paid out

The Financial Services Compensation Scheme has paid out £51.8m in compensation on claims it received against defunct self-invested personal pension provider Liberty Sipp.

Read More

FSCS shells out 123m in SIPP-related compensation in 2018/19

The Financial Services Compensation Scheme (FSCS) paid out £123m for claims relating to SIPPs in its 2018/19 financial year - up £11m from the previous period.

Read More

Sipp firm Guinness Mahon faces claims over unregulated introducers

A law firm has issued five cases against Sipp administrator Guinness Mahon Trust Corporation over allegations it worked with unregulated introducers to facilitate non-standard investments.

Read More

Adviser to compensate over Lifetime Sipp Harlequin investment

Advice firm Lansdown Place Financial Management must compensate a client who complained about the transfer of their pension into a Harlequin fund through a Lifetime Company Sipp.

Read More

Collapsed Sipp provider racks up £56m in compensation claims

Compensation claims against collapsed Sipp firm Lifetime Sipp Company have been valued at nearly £56m.

Read More

FCA and Insolvency Service sign new deal to fight phoenix firms

The FCA and the Insolvency Service have signed a new deal to crackdown on misconduct after firms collapse.

Read More

Revealed: FCA sent huge questionnaire to advisers for platform market study

The Financial Conduct Authority (FCA) sent out a 14 section strong request for information to some advice firms as part of its platform market study, Professional Adviser can reveal.

Read More

EIS manager sends Mifid II 10% drop alert

Downing, a London based investment manager, has notified clients and advisers about the drop in value of its Downing Renewable EIS portfolio, which was launched in 2012 and carries a 30 per cent income tax relief.

Read More

Why The Ban On Cold Calling Pensioners Won't Stop Scammers

Outlawing unsolicited calls or emails about pensions will fail to stop scammers who have stolen increasingly large amounts of cash from unsuspecting savers, experts have warned.

Read More

FOS Tells Adviser to Pay Client over £30k Loss Through Unsecured Sipp Loan

The Financial Ombudsman Service has told an adviser 'O'Rourke Partnership' to compensate a client who they told to make an unsecured loan to a third party with money from their Sipp.

Read More

DFM Placed into Insolvency After FCA Investigation

The regulator applied to the High Court to place Beaufort Securities Limited and Beaufort Asset Clearing Services Limited into insolvency after assessing the firms’ finances.

Read More

FOS Orders Compensation Over Advice To Transfer Sipp Into Cypriot Property

The Financial Ombudsman Service has told advice firm Kingsway Wealth Management to compensate a client who invested his pensions into residential apartments in Limassol, Cyprus.

Read More

FOS Penalises Intrinsic Over Sipp Transfer To Harlequin

The Financial Ombudsman Service has ruled against Intrinsic Financial Planning over a client who switched his personal pension to a self-invested personal pension in order to invest in Harlequin.

Read More

Coutts To Compensate SIPP Investor Over Poor Advice

The Financial Ombudsman Service has ordered wealth manager Coutts & Company to pay compensation

Read More

FCA Takes Action Against Unauthorised Car Park Investment Scheme

An unauthorised airport car parking investment scheme 'Park First' operator has closed some of its schemes following discussions with the FCA.

Read More

FCA Warns Consumers Over Risky DB Transfer Investments

The FCA is warning consumers to be wary of any contact out of the blue by call, email or text offering to discuss their pension or a free pension review.

Read More

Sesame To Pay Redress Over Sipp Investment In Cape Verde Fund

Sesame to pay redress over Sipp investment in Cape Verde fund

Read More

FCA: Only Half of DB Transfers Rated Suitable

FCA: Only half of DB transfers rated suitable

Read More

Watchdogs Investigate £120m Storage Pod Investment Scams

Several pension schemes, including the Capita Oak Pension and Henley Retirement Benefit plans, and self-invested personal pensions (Sipps) are being investigated as part of the probe which covers investments made since 2011.

Read More

Advisers In Limbo Over Govt Delay To Tax Reforms

Advisers have criticised the Government’s decision to push back legislation...

Read More

SIPP Providers Braced For Fresh FCA Action

Sipp firms are bracing themselves for more regulatory inspection as the Financial Conduct Authority (FCA) takes another look

Read More

Two Advisers Plead Guilty to £17m Fraud

Two Norfolk based financial advisers have plead guilty to using a high risk investment scheme to defraud more than 200 investors out of pension savings worth £17m.

Read More

Fool’s Gold: How Mifid II Has Revealed The True Cost Of Funds

Fool’s gold: How Mifid II has revealed the true cost of funds; Pensions Ombudsman sides with Aegon over ‘misleading’ fund fact sheet claim

Read More

Investment Scams Are Being Hidden In DFMS

The Financial Conduct Authority (FCA) has warned Sipp providers about the possibility of pension scams using a discretionary fund manager (DFM) structure to hide underlying investments.

Read More

The Nine Most Toxic Investments Ever

From ostrich farms to "rare earth" metals, we round up the investments that are simply too risky for pension savers

Read More

London-Based DFM Investigated by US Authorities

London-based fund firm Beaufort Securities has been charged with money laundering and securities fraud by the US Department of Justice, the FCA has revealed.

Read More
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