An unregulated property investment company has retracted claims its investments were approved by the Financial Services Authority (FSA) and HM Revenue & Customs (HMRC) to be purchased with a pension.
Hove-based IFA Philip Wise wrote to the FSA, HMRC and Advertising Standards Authority after receiving a marketing email from Intelligent Investments. The company, which offers investment opportunities in the US, UK and the Caribbean, stated on its website: "This investment offers clients a unique opportunity to purchase a five-star luxury unit in one of the most sought after locations in the world. Additionally these are approved by the FSA and HMRC to be purchased with your pension." Intelligent Investments has now changed the wording to: "Additionally, these are approved by Intellig...
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