02074119107

This is the number for www.pensionbackedloansuk.co.uk and www.pensionbackedloans.com run by Anthony Chewins and Gary Spicer in Bournemouth. NO favourable reviews have been found.

http://whois.domaintools.com/pensionbackedloansuk.co.uk

Domain name:
       pensionbackedloansuk.co.uk

   Registrant:
       Mitchell Drew Morgan Associates Ltd

   Registrant type:
       UK Limited Company, (Company number: 7640764)

   Registrant's address:
       7 Pinecourt Business Centre
       36 Gervis Road
       Poole
       Dorset
       BH1 3DH
       United Kingdom

http://whois.domaintools.com/pensionbackedloans.com

Domain name: PENSIONBACKEDLOANS.COM
    Created on: 2010-11-17
    Updated on: 2011-05-27
    Expires on: 2011-11-17
    Registrant Name: ANTHONY CHEWINS
    Contact: Anthony Chewins
    Registrant Address: 3 Ribbonwood Heights
    Registrant City: Poole
    Registrant Postal Code: BH14 0DE

WARNINGS:

1) http://www.thisismoney.co.uk/money/cardsloans ... sion-loans.html

The firms: Entice borrowers to borrow up to half value of their pension
The firms entice borrowers to borrow up to half the current value of their pension and repay only the interest.

One firm called Pension Backed Loans UK charges 5.5 percentage points above the Bank of England base rate, currently 6%.

This increases if repayments are missed.

The firms may take control of the pension, switching money into a Self-Invested Personal Pension. The idea is the loan will be repaid from the 25% tax-free pension lump sum taken when the person retires.

If your tax-free lump sum has not grown enough to pay back the capital, then the lender says the rest of the debt is written off. The pension must be worth at least £15,000.

Other firms offer variations on this scheme. The Financial Services Authority plans to look more closely at these companies.

Justin Modray, of financial advice website Candidmoney, says: 'Avoid these schemes like the plague. These firms are not authorised or regulated by the Financial Services Authority.'

Pension Backed Loans UK stresses on its website that it does not provide financial advice. It failed to respond to Money Mail's inquiries.

2) http://www.silvermansherliker.co.uk/Repositor ... 20at%20risk.pdf

Times Money submitted another application to a website called www.PensionLending.co.uk - which has since been taken down and a message appears that the site is "under maintenance". The website said that using a pension loan it was possible to borrow "up to 50 pe r cent of your pension value" with no credit checks.

After submitting the application, Times Money was called by a representative
of the website, who said that clients could typically borrow "up to 33 per cent" of
their pension value. He said the  remainder would be put into a UK-based "eco Sipp"
investing in sustainable energy. He said the charges would total £1,800 plus VAT
over ten years, which could be taken out of the pension fund, as well as a £1 per year
loan arrangement fee. However, he said "over a ten-year period you should see
growth of between 90 and 110 per cent, so you should be back to where you were
when you took the money out of it".

Documents sent by the representative said that: "You will default on the loan in year
ten and i t will be written off as a bad debt by the fund."

The representative said that Pension Lending was acting as an introducer on behalf
of Protea Wealth Management, which he said was an FSA-registered independent
financial adviser. However, Protea is not listed on the FSA's register and its website
contains no contact details or authorisation number.

A spokesman for Pension Lending says that the website has been taken down to be
reviewed for compliance. He says that after further research Pension Lending has
concluded that "nobody can actually borrow this money against their pension".

Stuart Stein, director of Prot e a Wealth Management confirms tha t the company is
not yet FSA authorised and says i t is awaiting approval. He says tha t while the
company had agreed to receive leads from Pension Lending it does not intend to
follow them up until i t has received FSA authorisation and i t will now be reassessing
its position in relation to Pension Lending in light of Times Money's findings.

Times Money submitted anothe r form to a website called www.Pensionbackedloans.com ,
which ha s also since be en taken offline for maintenance. A representative of the
website, Gary Spicer, called following the web inquiry and offered another scheme
through which he said "you can bor row up to 50 pe r cent of your pension fund".

He said the interest rate would be 5 pe r cent over the Bank of England base rate so
clients would currently pay 5.5 pe r cent, and the r e would also be a charge of 5 pe r
cent for setting up the structure.

Mr Spicer said the remainder of the pension fund would be invested in shares in an unlisted bridging finance company via a Sipp. Investing in shares tha t are not listed on a stock exchange can be risky because they can be difficult to trade i f you want to get your money out, and the r e are fewer
controls over the governance of the companies and the information tha t they have to
report, so i t can be difficult to get an up-to-date valuation of your investment or find out how well the company is performing.

Mr Spicer said tha t the scheme would be s e t up by a separate company.
Pensionbackedloans.com says tha t i t is a marketing company and merely acts as'a
lead generator for a numbe r of companies tha t provide unsecured loans, which i t is
satisfied operate within UK pension regulations. It says that the loan is not provided
from the pension itself

Jennie Kreser is the head of pension law at the solicitors Silverman Sherliker and was formerly the legal director of the Occupational Pensions Regulatory Authority, the predecessor to the current Pensions Regulator. She says that HMRC could clamp down on the schemes and impose tax charges retrospectively.

She says: "I would not touch these type of schemes with a very long bargepole."

3) https://whocallsme.com/Phone-Number.aspx/02081331548  10 pages as of today.

Paid an introducer fee and got no loan?
http://www.financial-ombudsman.org.uk/consumer/complaints.htm

23 Feb 2013's MoneyBox BBC Radio 4 Programme continued to discuss the great Pension Liberation Scam with the Minister responsible for pensions, Steve Webb. Listen to the grilling Webb gets and how little the government is doing despite the £4 million a week being scammed.

http://www.bbc.co.uk/programmes/b01qspjg PENSION UNLOCKING
For the third week we return to the growing crime of persuading people to transfer their pension savings into recently registered pension schemes and taking huge fees for illegally letting them have some of their money back. This week - the legal aspects. Is the law adequate to help trustees stop the transfer when they suspect a scam? And if not, will the Government pass new laws to protect desperate people from the crooks - and themselves? We speak to a pensions lawyer and Pensions Minister Steve Webb.

PDF Tapescript:
http://news.bbc.co.uk/1/shared/spl/hi/program ... x_23_feb_13.pdf

MP3 Audio:
http://downloads.bbc.co.uk/podcasts/radio4/mo ... 30223-1204a.mp3

Related Links:
Action Fraud: Reporting Pension Liberation Scams:  www.actionfraud.police.uk
The FSA: Consumers warned over pension liberation schemes www.fsa.gov.uk
The Pensions Regulator: Pension liberation fraud www.thepensionsregulator.gov.uk
The Pension Advisory Service: Pension liberation plans www.pensionsadvisoryservice.org.uk
The Money Advice Service: Pensions: www.moneyadviceservice.org.uk
HMRC www.hmrc.gov.uk/pensionschemes/pen-liberation.htm
ICO for reporting pension scam calls and texts https://www.snapsurveys.com/swh/surveylogin.asp?k=134674895144

MoneyBox E-mail your questions www.bbc.co.uk/radio4/features/money-box/contact/ or call 03700 100 444 from 1pm to 3.30pm on Wednesday.