10 tips to avoid being scammed

Scam Computer Keys Showing Swindles And FraudLargely thanks to a campaign led by financial advisers, the dangers of financial scams have been big news over the past few weeks. We are delighted that the government is finally acting to ban cold calling in respect of pensions. But, with a cold call made every eight seconds, millions of people are still at risk of being caught by the scammers. We thought therefore, it was worth reminding you of our top tips to help you avoid being scammed. Tip #1: Never respond to a cold ...

SIPPs: Shock as SIPP provider goes into administration

Businessman Builds a TowerThousands of SIPP investors have today learned that their SIPP (Self-Invested Personal Pension) provider has gone into administration. A notice on the FCA (Financial Conduct Authority) website, posted yesterday, says: “Having reached an assessment that it was no longer solvent, EPML (European Pensions Management Ltd) made an application to the court to formally initiate insolvency proceedings.” Administrators According to the FCA website EPML, who offered a range of different SIPPs, has approximately 6,000 customers. According to their website EPML also offered ISAs (Individual Savings Accounts) and SSAS (Small Self-Administered Schemes). Joint ...

Retirement: 1 in 3 over 55s targeted by pension scammers

1 in 3 over 55s targeted by pension scammersNew research has revealed that the number of people being targeted by potential pension scammers has risen significantly over the past 12 months. The figures, produced by pension provider Retirement Advantage, reveal that: 35% of people over the age of 55 have been contacted by potential pension scammers over the past three months This is up from 20% during the same period last year Scammers usually target potential victims via a cold call, or unsolicited text or email offering free pension advice, early access to a ...

SIPPs: 3 questions to ask your provider now, if you hold cash savings accounts

3 questions to ask your provider now, if you hold cash savings accounts 150pxDespite low interest rates showing no sign of increasing, holding deposit accounts in a SIPP (Self-Invested Personal Pension) is still a popular option for any people. The fact inflation remains low, stock markets are still relatively volatile and Pension Freedom mean more people are taking money out of their pension, often in tranches to stay out of higher rate tax, are all contributory factors to the on-going popularity of this option. However, mainly due to changes to relatively obscure rules, ...