New year, same old story. Pension money goes into a SIPP, thence into a dodgy, unregulated investment. In this case, buying a car parking space in Dubai which will pay a ‘guaranteed income’. Really? And this is the second, almost identical story this week. Other punters were persuaded to put their pension funds into ‘store pods’ (me neither). Just stop pensions investing in unregulated stuff. Job done. Or stop stupid people taking out pensions. Not so easy.
“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.
