Martin Tilley returns to PA with a warning about the 'worrying phenomenon' of investment-driven SSAS, often promoted on social media, with potentially disastrous consequences...
It was back in 2013 in this very publication that I highlighted the issue of "investment-driven pensions". This is the scenario where an unregulated promoter sells an investment concept to an individual and targets their only source of available capital (their pension assets) as the source of investment funds. It was of course the promoter who in whose own interest they were working who inevitably benefited from investment sale through kickbacks and or commissions from the investment concept itself. This had been an increasingly worrying phenomenon that the Financial Conduct Author...
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