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Giving you the latest free updates on pension & investment stories in the UK.

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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.

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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.

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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.

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Collapsed Sipp provider racks up £56m in compensation claims

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Coutts To Compensate SIPP Investor Over Poor Advice

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

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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.

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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.

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Profile: Former FCA director McAteer On Spotting The Next Mis-Selling Scandal

3R Insights founding partner Mick McAteer boldly claims that if he “can’t spot a potential misselling scandal or a product that is going to harm consumers, nobody can”.

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Sesame To Pay Redress Over Sipp Investment In Cape Verde Fund

Sesame to pay redress over Sipp investment in Cape Verde fund

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FCA: Only Half of DB Transfers Rated Suitable

FCA: Only half of DB transfers rated suitable

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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. The alleged fraud involves purchasing self-storage containers and then renting them out.

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Advisers In Limbo Over Govt Delay To Tax Reforms

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

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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

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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.

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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

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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.

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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

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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.

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