The Financial Conduct Authority (FCA) has warned of a scheme encouraging pension savers to transfer money from their work pension schemes into self-invested personal pensions (SIPPs) to be invested into an AIM listed company.
The regulator said savers are being asked to invest in investment firm Emmit through a SIPP wrapper, and some are being offered 'cash back' on their investments paid by a third party as an incentive to...
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