
Strategies For Avoiding Scams
The Meaningful Money Personal Finance Podcast
00:00
Are You Scammed Out of Your Life Savings?
Some unscrupulous advisors were recommending that the shift into SIPS and get into dodgy property schemes, among other things. The problem was at the same time is that the government opened the floodgates for access to your pensions. So this money was supposed to keep you in your retirement for the rest of your lives. Suddenly it was a lot of it being blown. I've been underneath that because a DB pension transfer is not a scam. But a lot of these guys, unfortunately, fell foul of unscrupulous advisors who said, hey, we can shift all this money out into a SIP. And we've got a great investment in offshore, unregulated, unprotected, and most of that
Transcript
Play full episode