Top 3 WORST Pension Scams

Billions of pounds' worth of pensions are lost every year to scammers. Valuable and safe pensions are transferred out of safe hands and into the hands of those who will mis-manage the precious life savings. The name of the game is "commission" with the scammers earning millions out of investing their victims' retirement funds in toxic, unsuitable, high-risk and high-commission assets which are unsuitable for retail investors. The combination of dishonesty, callousness and irresponsibility has a devastating effect - causing heartbreak, poverty and life-changing mental and physical health issues. Investments which paid huge commissions - such as Dolphin Trust (or the German Property Group) at up to 19% and Store First at up to 46% - were used for victims in SIPPS, bogus occupational schemes and QROPS. Advisers - both regulated and unregulated - used and abused these schemes and investments to operate pension liberation (a fraud which cost victims more than 55% in tax penalties). Few of these rogue advisers or investment providers are serving jail sentences - and most of them are still operating freely. Limp regulation and lame law enforcement in Britain and overseas fail to curtail these criminal activities. With negligent pension providers such as Carey, Forthplus and Berkeley Burke, as well as fraudulent investment schemes such as Dolphin Trust, Blackmore Bond, London Capital & Finance, Blackmore Global and Christian Property Capital, the rogue advisers make millions in illegal commissions. All this hideous crime against innocent pension savers is frequently facilitated and rewarded by the death offices such as Quilter International, Utmost International, RL360 and Friends Provident International.

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Ironically most U Tube adverts are financial scams!