Here we go again. Who on earth are these gullible people who believe they’ll secure a guaranteed retirement fortune by plunging their pension savings into property developments in Cape Verde? Do they actually know what or where Cape Verde is? More to the point, why are the dodgy advisers taking big commissions from the developers of these non-existent properties allowed to start up in business? As usual, we’ll be called on to bail out the punters who’ve been fleeced. The, to me, rather more straightforward solution, not allowing pensions to hold unregulated investments, is obviously not as straightforward as I think. Why? Beats me. Answers on a postcard, please.
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
