Are unregulated investments ever a good idea?
Bad news travels fast and folklore can create a general mistrust of the industry
Bad news travels fast and folklore can create a general mistrust of the industry
Unregulated firm ‘appears to have operated as a collective investment scheme’ seeking pension funds
They were promised unrealistic high returns such as ‘up to 100% of the amount invested’
As it alerts public against a separate investment firm promising ‘unrealistic huge returns’
Trade body argues it would improve market and reduce burden on lifeboat scheme
For promoting and soliciting unapproved offshore funds to investors
UK watchdog ‘strongly suggests’ some firms be avoided
Despite admitting concerns about scams, the Financial Conduct Authority has confirmed that it is not currently considering barring unregulated or non-standard investments from inclusion in self-invested personal pensions (Sipp).
The Isle of Man Financial Services Authority (IoMFSA) has advised residents to tread carefully when making decisions about transferring or investing their pensions, following a rise in scams in the UK.
Harlequin Property SVG, the land-owning unit behind the £400m ($509m, €454m) overseas property scheme facing ruin, has entered interim receivership while its flagship resort has closed after the electricity was disconnected.
Jersey’s Financial Services Commission (JFSC) and the island’s government have proposed a new and universal professional investor definition, phasing out unregulated ETFs, and rebranding and amending the jurisdiction’s very private funds regime.
The high court of justice of the Isle of Man has granted a wind-up application for three unregulated funds, known collectively as the New Earth Group of Funds.