‘Fraudsters are the biggest risk’
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The Times has an interview with Neglect Assist’s senior solicitor Tim Wixted who warns of the dangers of the 2015 pension changes to be introduced in April.
Neglect Assist, described as “one of the UK’s leading specialists in financial mis-selling” by the newspaper, have warned that the reforms are a “scammer’s charter” after conducting a study of the impact of the savings reforms.
The research by Neglect Assist provides a comprehensive and concerning picture of what lies in store when those aged 55 and over are given the flexibility to dip into their pension pots as they see fit.
To read the full article in the Times click here:
http://www.thetimes.co.uk/tto/money/article4346624.ece
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Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.
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