{"id":56148,"date":"2017-05-27T13:00:20","date_gmt":"2017-05-27T06:00:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/serious-fraud-office-warns-of-120m-pension-scam\/"},"modified":"2017-05-27T13:09:00","modified_gmt":"2017-05-27T06:09:00","slug":"serious-fraud-office-warns-of-120m-pension-scam","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serious-fraud-office-warns-of-120m-pension-scam\/","title":{"rendered":"Serious Fraud Office warns of \u00a3120m pension scam"},"content":{"rendered":"


\nRetirees have been persuaded to switch all their cash into schemes involving self-storage facilities and there are fears they may have lost huge sumsFears are growing that large numbers of people may have lost huge sums of money after investing their retirement pots in \u2013 of all things \u2013 self-storage units. The Serious Fraud Office this week launched an investigation into storage unit investment schemes, and revealed that more than \u00a3120m has been poured into them. But could that just be the tip of the iceberg?One man was persuaded to transfer almost \u00a3370,000 out of his workplace pension and put it all into one such scheme supposedly offering an 8%-12% return. The Pensions Ombudsman, which looked at his case, said the \u201cblameless\u201d man had switched out of the \u201csecure and generous\u201d NHS pension scheme and may have lost all his money as a result. Others were lured in with claims that they could more than double their money in just six years. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Serious Fraud Office warns of \u00a3120m pension scam<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retirees have been persuaded to switch all their cash into schemes involving self-storage facilities and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56148","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eBC","jetpack-related-posts":[{"id":22775,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-scandalous-changes-to-company-pension-schemes\/","url_meta":{"origin":56148,"position":0},"title":"The scandalous changes to company pension schemes","date":"August 13, 2016","format":false,"excerpt":"\r Every time an employer closes a final salary scheme and moves workers to a \u2018defined contribution\u2019 one, it shifts all the risk onto themA man in his 40s receives a pension projection that tells him his retirement income is going to collapse from the \u00a338,000 he was expecting to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-to-investigate-how-many-pension-schemes-are-at-risk-of-failing\/","url_meta":{"origin":56148,"position":1},"title":"MPs to investigate how many pension schemes are at risk of failing","date":"May 28, 2016","format":false,"excerpt":"\r Select committee announces wide ranging inquiry into occupational pension schemes amid its scrutiny of \u00a3571m deficit at BHSMPs are to investigate how many occupational pension schemes are at risk of failing, amid inquiries into the collapse of BHS and the debate over the future of the \u00a315bn British Steel\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remueras-120m-award-winning-st-marks-apartments-under-repair\/","url_meta":{"origin":56148,"position":2},"title":"Remuera\u2019s $120m award-winning St Marks apartments under repair","date":"September 26, 2025","format":false,"excerpt":"\r Water penetrated the roof membranes and the podium roof of this luxury residential scheme.\r \r Source : nzherald.co.nz\/Property\r Read more...Remuera\u2019s 0m award-winning St Marks apartments under repair","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sandbanks-is-priciest-seaside-town-in-uk-plus-the-worst-mobile-providers\/","url_meta":{"origin":56148,"position":3},"title":"Sandbanks is priciest seaside town in UK, plus the worst mobile providers","date":"June 1, 2017","format":false,"excerpt":"\r Also, the \u00a3120m pensions scam involving self-storage facilities, and find out if you can take on the plastic challenge. Sign up to receive Money Talks each weekHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-pension-warning-despite-rise-in-take-up-of-workplace-schemes\/","url_meta":{"origin":56148,"position":4},"title":"UK pension warning despite rise in take-up of workplace schemes","date":"March 3, 2016","format":false,"excerpt":"\r More than six in 10 workers paid into pension schemes in 2015, but millions are still unable to access themMore than six in 10 workers were signed up to workplace pensions in 2015 as automatic enrolment continued to be rolled out in companies.This was the highest number of workers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/","url_meta":{"origin":56148,"position":5},"title":"Pension exit fees capped at 1%","date":"November 15, 2016","format":false,"excerpt":"\r Over-55s wishing to cash in their workplace or personal pension pots early will pay a maximum of 1% in charges from 2017Some older workers should see a big fall in the fees they pay to access their company pension cash after the government announced plans to cap charges.Ministers are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56148"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56148"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}