“FSCS receives claims for defined benefit transfer advice”

Mar 23, 2018 | Financial Services

Tags: Financial Services Compensation Scheme, Pensions, Regulation

If a builder promises to finish a job on time for a bargain price, doesn’t and charges you a fortune for an extension which falls down, it’s more than likely to be a case of ‘caveat emptor’. But when you’re promised a guaranteed return of 20% a year if you move your pension into an offshore fund investing in storage pods in Gravesend and, surprise, surprise, you lose all your money, fear not, you’ll be compensated. Here are some comments from adviser colleagues:

‘Regulation is for the good guys only. The bad guys just ignore it and get away with it’

This shouldn’t be a surprise. If a yob keys your car he’ll probably get away with it. If you park the same car quite legally but overstay you’ll get a big fine’.

Read more here

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“Advisers fearful of further compliance and regulation”

“Advisers fearful of further compliance and regulation”

Mar 6, 2024 |

We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.

“Is the AI hype machine losing steam?”

“Is the AI hype machine losing steam?”

Feb 29, 2024 |

Many of the reviving rises in stock markets, particular in the US in the last year or so have been driven by AI. Not those buy-and-sell computerised algorithms we’ve heard so much about for years now; but the share prices of the big tech companies ‘at the heart of the AI revolution’.