FCA: 2 COMPANIES AND 3 INDIVIDUALS MUST PAY £10 MILLION RESTITUTION TO THOSE INDUCED TO TRANSFER THEIR PENSIONS INTO SELF-INVESTED PERSONAL PENSIONS (SIPP)

A release on Mondo Visione on 10 August advised that the High Court has ordered 2 companies and 3 individuals to pay a total of £10,715,000 in restitution to members of the public who were induced to transfer their pensions into self-invested personal pensions (SIPP).  The order was made against Avacade Limited (in liquidation), Alexandra Associates (UK) Limited (t/a Avacade Future Solutions), Craig Lummis, Lee Lummis and Raymond Fox.

https://mondovisione.com/media-and-resources/news/uk-financial-conduct-authority-high-court-orders-illegal-pension-introducers-av/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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