Brooklands Trustees Limited languishes on the Financial Services Compensation Scheme (FSCS) complex cases page. It was established in 2006, and operated subsidiaries in the UK, New Zealand, Dubai, Australia and Gibraltar. According to its insolvency practitioners, it acted as trustee to over 6,000 individual pension schemes worldwide. Because it operated self-invested pension plans, it was regulated by the Financial Services Authority, and its successor the Financial Conduct Authority. Its pension schemes were also registered with Her Majesty’s Revenue and Customs, and held funds of £650 million. Continue reading “The Brooklands SIPP Scheme”
Here we take a look at the DeVere Group which is dogged by online controversy in almost all the jurisdictions they operate. Continue reading “Why is the DeVere Group dogged by controversy?”
Today the Bank of England has published its third round of Proofs of Concept (POCs) completed by its FinTech Accelerator, which includes Enforcd. Continue reading “The Bank of England confirms Enforcd can help best practice and compliance”
Discretionary Fund Managers occupy a sort of no man’s land between independent Financial Advisors shoving their customer’s SIPPs into UCIS, and providers of those UCIS.
A trawl of the FCA Register has identified three firms which illustrate the particular perils of DFM. Continue reading “The Perils of Discretionary Fund Managers”