02081331548

http://forums.moneysavingexpert.com/showthread.php?t=3254042

"Good morning Angela,
We only act as an introducer so we are not governed by the FSA (although we hold a full category consumer credit licence and are able to broker loans and other financial products). However the company that is used for the transfer is Sustainable Wealth Investments Eco SIPP which is a UK based Sipp company governed under the FSA. I am aware of the offshore Sipp companies and I would advise to steer clear as they are not regulated under the FSA. If you have any concerns I would advise to speak to an independent financial advisor.

Kind regards,

Daniel"

http://who.godaddy.com/whois.aspx?domain=sustainablewealthinvestments.com&prog_id=GoDaddy

www.sustainablewealthinvestments.com

Registrant:
Gary West
Jl Jalak I A9 no45
Bintaro Jaya
Jakarta, Java 15412
Indonesia

Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: SUSTAINABLEWEALTHINVESTMENTS.COM
Created on: 25-Nov-10
Expires on: 25-Nov-11
Last Updated on: 09-Dec-10

Administrative Contact:
West, Gary garywest22@gmail.com
Jl Jalak I A9 no45
Bintaro Jaya
Jakarta, Java 15412
Indonesia
+62.8118118131

Technical Contact:
West, Gary garywest22@gmail.com
Jl Jalak I A9 no45
Bintaro Jaya
Jakarta, Java 15412
Indonesia
+62.8118118131

WOW. You know you're finished when 'The Times' investigates you!

That Daniel would be Daniel Barclay, the consumer credit license holder of Moneymeans (you know, the company that is based in the exact same office as Petitions Direct - 7 Arrowsmith Court!)

He is correct in saying Moneymeans is allowed to broker credit... but Pension Lending is run by Petitions Direct AKA. Simon Stanborough - and there is no way in hell he's authorised to broker credit!!

More little white lies.

Name & Registered Office:
SUSTAINABLE WEALTH INVESTMENTS (UK) LIMITED
2ND FLOOR
145-157 ST JOHN STREET
LONDON
ENGLAND
EC1V 4PY
Company No. 07176158

Status: Active
Date of Incorporation: 03/03/2010

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
None Supplied
Accounting Reference Date: 31/03
Last Accounts Made Up To:  (NO ACCOUNTS FILED)
Next Accounts Due: 03/12/2011
Last Return Made Up To:
Next Return Due: 31/03/2011 OVERDUE
Previous Names:
Date of change    Previous Name
02/02/2011    GREEN KNIGHT CONSULTING LTD

Directors
MR GARY WEST (49) BRITISH Date of birth: 22/07/1961
23 AUSTIN FRIARS, ENGLAND, LONDON EC2N 2QP
Position:
0 Years
Appointment date:
07/02/2011
Type:
Director
Occupation: DIRECTOR

MR JAMES BRUNEL WHALE (36) BRITISH Date of birth: 07/11/1974
2ND FLOOR, 145-157 ST JOHN STREET, LONDON EC1V 4PY
Position:
1 Years
Appointment date:
03/03/2010
Type:
Director
Occupation: MANAGING DIRECTOR

http://bizzy.co.uk/uk/07176158/sustainable-wealth-investments-uk
http://www.companiesintheuk.co.uk/ltd/sustainable-wealth-investments-(uk)/
http://www.companiesintheuk.co.uk/Company/All ... vestments-(uk)/

Enquiry sent to www.sustainablewealthinvestments.com:

Just wanted to let you know that the company you're dealing with - Pensionlending.co.uk aka Petitions Direct aka moneymeans aka Simon Stanborough and Daniel Barclay are notourious scam artists. More info can be found here:

https://whocallsme.com/Phone-Number.aspx/02081331548/11#p251017543908584891

and here

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

http://whois.domaintools.com/proteawealthmanagement.com


Registrant:
Geoff Chevins
28 Simons Road
MARKET DRAYTON,  TF9 3DX
GB

Domain name: PROTEAWEALTHMANAGEMENT.COM

Administrative Contact:
   Chevins, Geoff  
   28 Simons Road
   MARKET DRAYTON,  TF9 3DX
   GB
   +44.77974660980
Technical Contact:
   Chevins, Geoff  
   28 Simons Road
   MARKET DRAYTON,  TF9 3DX
   GB
   +44.77974660980

This made me laugh:

https://www.facebook.com/pages/PensionBackedLoanscouk/125028444236426

Sorry*

www.facebook.com/pages/PensionBackedLoanscouk/125028444236426?sk=wall

If it doesn't work, just type in 'pension backed loans' into facebook. They're still going strong, despite the investigation!

Cheers!

There is even a note on who owns the page:

Page Owners:
Tony Chewins
Gary Spicer

Makes it easier for HMRC and the FSA & press to keep tabs on them I suppose

http://www.pensionsrelease.co.uk

Domain name:
pensionsrelease.co.uk

Registrant:
Gary Richards

Registrant type:
UK Individual

Registrant's address:
The registrant is a non-trading individual who has opted to have their
address omitted from the WHOIS service.

Registrar:
1 & 1 Internet AG [Tag = SCHLUND]
URL: http://www.1and1.co.uk or http://registrar.1und1.info

Relevant dates:
Registered on: 26-Jan-2011

Here's a new one. Gary Richards?? He obviously has something to hide as well seeing as he says he's not trading... Could it be Gary Spicer/Simon Stanborough up to their old tricks?? Or someone new?

This scam site's design looks familiar but I can't remember on which other site I've seen it before!

Here's the Google tags:
scam, pension release, cashing in pensions, pension transfer, transfer pension, cash for pension, cash in a pension, cash in pension, cash pension, cashing in pension, pension cash, early pension, pension early, pension cash in, pension release, pensions advice, pensions release, release pension, pension value, pension pot, sipp pension, cash in my pension, guaranteed minimum pension, pension transfers, cashing in a pension, cashing pension, pension loans, cashing in pensions early, pension loan, sell pension, cashing in pension early, frozen pensions, pension unlocking, pensions unlocking, unlocking a pension, unlocking pension, unlocking pensions, cash in pension early, cash pension early, selling a pension, selling pension, frozen pension, pension transfer value, sell my pension, can you cash in a pension, cashing in your pension, pension unlock, pensions tax free cash, tax free cash pension, unlock pension, can i sell my pension, cash for pensions, pension buyout, cash in your pension, cash your pension, expat pension, cash in pension fund, cashing in pension plans, early pension release, pension surrender, release pension early, cashing pension early, releasing pension funds, selling pensions, what is my pension worth, cash in pension plan, cashing in pension under 50, pension cash release, early access to pension, pension release under 50, release my pension, sell your pension, unlocking your pension, cash in pension under 50, cashing in your pension early, unlock my pension unlock your pension, can i release my pension, can you cash in a pension early, early pension withdrawal, cash in your pension early, release your pension, unlock pension under 50, pension release rules, unlock pensions, unlocking pension funds, how to unlock your pension, pension release advice, unlocking uk pension, unlocking pension money, how to unlock pension funds, scam

More articles and advice warning about ensuring you have a bargepole too hand when pension backed loans scams look tempting:

http://www.defaqto.com/print/45793

Pension loans scam targets unsuspecting consumers in financial hardship.

15 June 2011: Andrew Leggett, Insight Analyst – Wealth Management.

Consumers with a poor credit history and debt problems, are being encouraged to take out loans ‘backed’ by their pensions. These schemes are known as ‘Pension Reciprocation Plans’, which are more than just risky and expensive – they could potentially destroy your pension. However, this is not enough to put off those who are desperate, as the promoters of these plans know.

You cannot get access to your pension funds for reasons of financial hardship. Generally you must be at least 55 years old, although there are some exceptions such as if you are diagnosed with a terminal illness. The age restriction is in place because pension funds are intended to provide an income in retirement and that is the key point to remember.

Vendors of Pension Reciprocation Plans claim that you can bypass this legally, by unlocking a loan to be repaid from the tax-free cash sum.

It sounds like an effortless way to borrow money.

Typically they require consumers to have funds with a minimum value of £20,000. Interest rates on the loans are well above the base rate. These plans also involve part of the pension fund being directed into risky investments such as offshore property schemes, where the costs and risks are not likely to be transparent.

Worryingly back in the 1990s, the Occupation Pensions Regulatory Authority closed down a scam known as ‘Pensions Liberation’ which sought to give consumers early access to their pensions. These victims were pursued by the Inland Revenue and were left to pay significant tax charges, as these schemes never sought to provide any income in retirement.

It is only a matter of time before the Financial Services Authority (FSA) and Her Majesty's Revenue and Customs (HMRC) pursue Pension Reciprocation Plans. That brings the potential risk of tax charges on the consumer such as the unauthorised payments charge and the unauthorised payments surcharge.

The FSA have stated that anyone considering a pension loan scheme should look to other alternatives, and if you have any debts, they advise to continue with your terms of repayment as it will be more beneficial in the long run. To find out more on how to protect yourself from these schemes visit the FSA’s website:

http://www.fsa.gov.uk/pages/consumerinformati ... n_schemes.shtml

Consumers warned over pension unlocking schemes

If you are considering taking money from your pension by unlocking some of your retirement pot early, we urge you to treat any schemes that offer the chance to do so with extreme caution. Here, we answer some questions explaining why:

What is pension unlocking and who does it affect?

How do the schemes work?

What is the investment risk?

Will I be taxed on the money I take from the scheme?

Should I consider other options

What should I do next?

What is pension unlocking and who does it affect?
Pension unlocking is where individuals gain access to money in their pension funds before they retire. Normally, you can only take money from your pension once you are aged 55 or over, but some schemes are claiming to let you gain access to your money earlier by borrowing from your pension fund. Early access to pensions is rarely in anyone’s long-term financial interests.

How do the schemes work?
The promotional material we have seen from schemes states you can take half of your employee occupational pension fund now as cash and you will not have to pay any upfront fees or deductions from the amount taken out of your pension.

Typically, the schemes work by the company involved taking control of your entire pension fund and transferring it to a separate corporate bond. The company issuing the bond then agrees to loan you half of the transferred amount as cash. Although the product material we have seen does not include fixed-loan repayment schedules, the loan and interest will need to be repaid in full before you retire.

Fees for the scheme are taken from the amount that remains in your pension fund as part of the overall charges. The promotional material for the schemes we have seen does not state the exact level of fees or charges, so there is a good chance that you are likely to end up with less money than you started with.

What is the investment risk?
The value of your pension depends on the performance of the investments in it. So, for example, with pension unlocking schemes, poor market performance would reduce the value of your pension pot – but not the loan amount you have to repay. The risk of market volatility harming your pension as a whole is significantly increased.

If your loan repayments are based on a percentage of your overall pension then good investment performance would mean a significant increase on the rate you pay the loan back on.

Will I be taxed on the money I take from the scheme?
The schemes claim that no tax is payable from the money you take as cash. However, it is not clear what rules the schemes are relying on to make this claim.

Anyone who accesses money from their pension, either via a loan or other ways outside of the normal allowed methods, runs the risk of having to pay unauthorised payments charges. These can be up to 70% of the value of the loan.

We are working closely with HM Revenue & Customs and The Pensions Regulator to find out more information.

Should I consider other options?
You should consider alternatives to pensions unlocking schemes. If you have debts, it is likely to be better in the long term for you to continue with the terms of repayment you currently have or speak to a debt adviser. Pension unlocking schemes are an expensive way to free up extra cash and will affect your income for the rest of your life.

What should I do next?

•    If you have not done so, seek independent financial advice and ensure you and your financial adviser understands how these schemes work and what they mean for you. Some of the people promoting these schemes may be authorised by us as financial advisers, so ask your adviser to explain the full consequences to you.

Discuss with your financial adviser whether there are other options which are regulated by us and would meet your needs and give you the protection of the Financial Services Compensation Scheme and Financial Ombudsman Service.

If you have unlocked your pension and have concerns, you should firstly take the matter up with the firm that advised you.

You should seek independent legal advice on the risks involved with any firm taking sole control of your pension fund.

Contact our Consumer Helpline on 0845 606 1234 if you are concerned about any of these schemes listed or products making similar claims.

Last updated: 10 June 2011

http://www.thepensionsregulator.gov.uk/regula ... tions.aspx#s673

Billy, Chewins & Spicer have a set of new London numbers... Get the bargepoles out!

020 7411 9107 https://whocallsme.com/Phone-Number.aspx/02074119107

Pension Backed Loans UK | Pension Loan | FAQ's
Pension Backed Loans UK 0207 4119107 facebook twitter logo · Home · What are Pension Loans? Our Products · Why use us? FAQ's; Contact Us ...
www.pensionbackedloansuk.co.uk/faqs.html

020 8133 9353 https://whocallsme.com/Phone-Number.aspx/02081339353

Pension Backed Loans UK
Pension Backed Loans UK. 2 Hasker Street, London, London SW3 2LG. p: 0208 133 9353. http://www.pensionbackedloansuk.co.uk · Email | Directions ...
www.hotfrog.co.uk/Companies/Pension-Backed-Loans-UK

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

Pension Lending is still operating, they call themselves Pension Related Lending now, what a bunch of jokers they are! I called them on 01202 835800, they don't have a website but they resort to text message campaigns now apparently!

One arrested as FSA continues clamp down on unauthorised business

http://www.fsa.gov.uk/pages/Library/Communication/PR/2011/060.shtml

FSA/PN/060/2011
28 June 2011

The Financial Services Authority (FSA) today acted against an individual suspected of involvement in an unauthorised collective investment scheme (CIS).

With the assistance of the Dorset Police, the FSA executed search warrants on two premises in Poole, Dorset and one individual was arrested. No-one has been charged at this stage in connection with the FSA's investigation, which is on-going.

Notes to editors
1.    The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; securing the appropriate degree of protection for consumers; fighting financial crime; and contributing to the protection and enhancement of the stability of the UK financial system.

Who do you think it is?

I am interested in people who have participated in, or who were considering participating in the Pension Reciprocation Plan offered by Ark. Specifically, I am interested in learning why you were interested in such a programme and how you heard about it.

So I see and Pension Related Lending appears to have been scamming for a while now:
https://whocallsme.com/Phone-Number.aspx/01202835800

Those with more greed than intelligence I suspect. Seen this?:
http://www.telegraph.co.uk/finance/financial- ... e-millions.html

A High Court judge placed a £1.1m freezing order on fees flowing from the Ark Business Consulting scheme after hearing it described as a "fraud on the power of investment".

More than 400 investors placed £25m with Ark. The scheme operates by paying out 50pc of a member's pension fund in the form of a reciprocal loan with another investor. Using loans, Ark managed to make payments before the normal 55 minimum age.

Dalriada Trustees was appointed trustee of the Ark scheme as part of an investigation by the Pension Regulator. The new trustees have already warned the value of payouts to members is likely to be "significantly less" than the funds paid in.

As well as paying 50pc in loans, Ark invested the pension funds in what was described as "dubious assets" in court. The investments include £4m in a Cypriot property scheme. Just over £9m remains in the trust company bank accounts.

A legal representative for Ark said: "Dalriada's attack on Ark is misguided in a number of important respects. Their claim contains factual inaccuracies and unacceptable insinuations."