{"id":74686,"date":"2017-12-16T14:00:55","date_gmt":"2017-12-16T07:00:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-steel-pension-scheme-members-preyed-on-by-financial-firms\/"},"modified":"2017-12-16T15:04:24","modified_gmt":"2017-12-16T08:04:24","slug":"british-steel-pension-scheme-members-preyed-on-by-financial-firms","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-steel-pension-scheme-members-preyed-on-by-financial-firms\/","title":{"rendered":"British Steel pension scheme members \u2018preyed on\u2019 by financial firms"},"content":{"rendered":"


\nMPs hear claims that financial advisers are targeting steelworkers so they can pocket huge feesFirms dubbed \u201csharks\u201d and \u201cvultures\u201d are preying on steelworkers to persuade them to transfer their pensions so advisers can pocket huge fees, MPs heard this week. They forced the main City regulator to name and shame three firms they said were \u201cripping people off\u201d.It emerged that some of the financial firms touting for business are using the lure of a free hot meal \u2013 typically sausage or chicken and chips \u2013 to try to get people in front of a salesperson. The advisers pocket fees typically of about \u00a36,000 per case. Continue reading…
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\nSource : theguardian.com
\nRead more…British Steel pension scheme members \u2018preyed on\u2019 by financial firms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MPs hear claims that financial advisers are targeting steelworkers so they can pocket huge feesFirms...<\/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-74686","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-jqC","jetpack-related-posts":[{"id":79934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/steelworkers-let-down-by-fca-and-pensions-regulator-mps\/","url_meta":{"origin":74686,"position":0},"title":"Steelworkers let down by FCA and Pensions Regulator \u2013 MPs","date":"February 15, 2018","format":false,"excerpt":"\r \u2018Major mis-selling scandal\u2019 under way as financial advisers \u2018bamboozle\u2019 ex-British Steel staffFormer British Steel workers have been \u201cshamelessly bamboozled\u201d by financial advisers into transferring their pensions and badly let down by regulators that should have better protected them, according to an influential parliamentary committee. Continue reading...\r \r Source :\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-we-get-financial-advice-when-the-fees-they-charge-are-huge\/","url_meta":{"origin":74686,"position":1},"title":"How can we get financial advice when the fees they charge are huge?","date":"February 17, 2016","format":false,"excerpt":"\r The firms we found are all targeting clients with upwards of \u00a350,000 My wife and I want advice on pensions, life assurance and mortgages to help plan our future. We both have NHS pensions and I have a company group pension with about \u00a33,500 in it. However, one adviser\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94141,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-advisers-face-overhaul-but-big-firms-escape-break-up\/","url_meta":{"origin":74686,"position":2},"title":"Pension advisers face overhaul but big firms escape break-up","date":"July 18, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Pension advisers face overhaul but big firms escape break-up","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":74686,"position":3},"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":12906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serious-risks-of-more-mis-selling-in-financial-services-market\/","url_meta":{"origin":74686,"position":4},"title":"'Serious risks' of more mis-selling in financial services market","date":"May 13, 2016","format":false,"excerpt":"\r Pension freedoms introduced last year could be a potential trigger for PPI mis-selling on a mass scale, say MPsThere are \u201cserious risks\u201d of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. Related:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions\/","url_meta":{"origin":74686,"position":5},"title":"Pensions","date":"November 10, 2001","format":false,"excerpt":"\r The battle is on with the government to stop firms denying 2.5m retired staff money that is rightfully theirs, reports Rupert JonesIt was 10 years ago this week - on Monday, November 5 - that pension-fund plunderer Robert Maxwell fell off his yacht and drowned. Coincidentally, this week saw\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\/74686"}],"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=74686"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}