Fake cryptocurrency investments are a growing concern. Last year, Britons lost more than £150 million to cryptocurrency fraudsters, with 18-25-year-olds the hardest hit. To help people avoid this scenario, the expert lawyers at Keller Postman UK have examined the common types of cryptocurrency scams and outlined some methods to avoid them.
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Pension mis-selling often occurs when individuals are urged to transfer from safe and secure defined benefit (DB) pensions, otherwise known as final salary pensions, into unsuitable schemes. Last year, the UK’s financial regulator, the Financial Conduct Authority (FCA), wrote to thousands of people across the UK, advising them to lodge compensation claims for pension mis-selling. The advice came after the FCA became concerned about the number of transfers made from final salary pensions since 2015.
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According to Ollie Ollerton, former UK special forces soldier, best-selling author, and star of SAS Who Dares Wins, the military community has been “infiltrated by fraudsters and crooks” trying to get their hands on valuable MoD pensions…
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Ben’s article was published in Lawyer Monthly, 16 November 2021, and can be found here. The vast majority of financial advisers who advise on complex pension matters, such as defined benefit or final salary transfers, are professionals who take their ethical and regulatory obligations extremely…
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In the past, the Financial Conduct Authority (FCA) has too often struggled to spot those few unscrupulous advisers who seek to exploit the complexity of the pension transfer market for their own financial benefit…
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Pension mis-selling is a growing problem, and victims have the right to claim compensation. But, according to the Financial Services Compensation Scheme (FSCS), savers missed out on a combined £104 million in compensation last year. That’s an average loss of £108,000 per claimant…
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