Just backtracked and found that I make the same comments about the same regulatory failures about once every six weeks. A SIPP company accepts business from dodgy advisers and turns a blind eye while they put punters money into dodgy, unregulated investments which go belly-up. Do they ban SIPP companies with no money behind them? No. Do they stop pensions investing in unregulated investments or accepting business from unregulated advisers? Don’t be silly. Do they ask the rest of us to pay out the compensation? No brainer. Of course they do. Is this rocket science? I don’t think so.
“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.
