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The German Property Group – Formerly Dolphin Capital

The German Property Group – Formerly Dolphin Capital

If you were persuaded to part with your hard-earned pension or cash and invest in the German Property Group – GPG (formerly known as Dolphin Capital) news from Ireland in December 2019 and an update from the company themselves on 28th January this year makes it crystal clear that this is yet another high risk, …

FCA Reveal More Shocking Figures on Defined Benefit Pension Transfers

The FCA have just revealed that they withdrew the defined benefit (DB) transfer permissions of 24 advice firms during 2019. These firms were found to have consistently provided poor advice. However, the numbers behind that figure are even more shocking and reveal the true extent of the problems that exist within this high-risk sector of …

The FCA Ramp up the Pressure on Faulty Workplace Pension Transfer Advice.

The FCA’s Debbie Gupta has yet again sent a strong and direct message to IFA’s involved in Defined Benefit (DB Schemes) pension transfers. Here are just some of the key points sent in an open letter to firms operating in this marketplace: “We expect you to start from the assumption that a pension transfer is …

Build your Wealth

Build your Wealth Limited in FSCS default Formerly based at 39 Mitchell Point, Ensign Way, Hamble, Hants SO31 4RF. Build Your Wealth Limited unfortunately failed to live up to their name and in January 2017 the firm was formally declared as being in FSCS default. Established in 2002 and with Glyn Williams as an advising …

Defined Benefit Workplace Pensions Transfers – FCA to up the Ante on Poor Advice

It’s now emerged that the FCA plan to write to 1,841 financial advisers regarding advice given to transfer away from Defined Benefit workplace pensions (DB Schemes). This accounts for a little over 75% of the near 2,500 firms that provided this highly specialist advice between April 2015 and September 2018. Since pension “freedom” was introduced …

Did You Invest And Lose Money With Store Pods?

News announced in December 2019, held little in the way of festive cheer for pension holders previously persuaded to place their safe and secure funds into store pods with Store First via SIPPs through failed SIPP providers such as Berkeley Burke and Lifetime SIPP. It seems that the official receiver has now been “successful” in …

Berkeley Burke Claims

The Financial Services Compensation Scheme (FSCS) has announced that it’s currently investigating the validity of the claims that it’s received to date against failed SIPP provider Berkeley Burke Sipp Administration Limited (BBSAL). It’s believed that close to an astonishing 1,600 claims have been submitted. The FSCS have been working in close association with firm’s administrators …

Did You Move Your Diageo Pension

Did you work for the Diageo group in the past and were you a member of their Defined Benefit pension scheme – until recently the Diageo pension scheme operated on a final salary basis, now employer contributions are calculated on an annual basis – Career Average Revalued Earnings (“CARE”) basis rather than on a final …

Dundee Mortgage Brokers Illegally Providing Pension & Investment Advice

Based in Dundee, a well-established firm of mortgage brokers have been offering pension transfer and investment advice through one of their directors – a substantial number of innocent and unsuspecting consumers have been misled into believing that in some way both are authorised by the FCA to provide this type of highly specialist financial advice. …

Have you been cold called?

The Financial Conduct Authority (FCA) banned cold calling for CMC activity in January 2019, making this type of activity unlawful and subject to fines of up to £500,000. The rules also include contact via email or text. Capital & Income Solutions based in Leeds entered creditors voluntary liquidation on 9 January 2020. Alex Kachani of …

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