Advisers have reported newspaper adverts for Ivan Massow's commission rebate business as misleading to the Financial Services Authority (FSA).
Massow launched PayMeMy.com in September. Clients transfer the trail commission from their pensions to the firm which rebates it minus a 20% cut. This week, PayMeMy.com featured in full-page ads in the Metro, the Evening Standard and CityAM. The ads quote Massow, pictured, as saying: "My mission is to get you back thousands in pension and investment commission," and continues to say "It is free money because it is your money!" Daniel Cawley, IFA at 121 Financial Services, said he has reported the ad to the FSA's financial promotions hotline. "I think the ad is misleading because...
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