Perhaps I’m not a lone voice in calling for the regulator to do what’s always seemed to me to be the bleedin’ obvious. A big chunk of the compensation paid out by the FSCS (Financial Services Compensation Scheme), which we, and ultimately you as a client, fund, is to those who’ve moved their pensions into dodgy, unregulated investments. They’ve more often than not been persuaded to do so by dodgy, unregulated ‘introducers’ who can’t officially give advice and so can’t be held to account. If all of that becomes illegal, all those involved will, at least, know where they stand. Which will hopefully be in court.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
