#bogusinvestment
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pensionlifeblogs-blog · 6 years ago
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OMI knew that many of the IFAs had been neither regulated nor qualified and that the investors were unsophisticated, low-risk, retail customers. * Premier New Earth Recycling Fund – this was a PROFESSIONAL-INVESTOR-ONLY fund which was routinely used by rogue IFAs for ordinary, retail investors (and from which the IFAs earned fat commissions). OMI offered the PNER fund on the bogus “life assurance” platform. And when the fund went into administration in June 2016, OMI shrugged its shoulders and said “not our problem“. And kept charging the victims the same fees as if the £800 million loss hadn’t happened. OMI knew that many of the IFAs had been neither regulated nor qualified and that the investors were unsophisticated, low-risk, retail customers. That is £1.16 billion worth of fund losses in just over six years, but they take no responsibility for loss of funds and the pension scam victim gets no redress. Read the full blog here: https://pension-life.com/vueling-v-old-mutual-international-pension-scam-victims/ #pensionlife #pensionscam #axiom #retailinvestments #omi #oldmutualinternational #expat #Britishexpat #boguslife #bogusinvestment #lifeassurance #planecrash #planesafety #planejourney #vueling #airlinelosses #lostluggage #compensation #notourproblem #badinvestment #goodinvestment #ifa #unregulatedfirm #sixyears #heavylosses #scamvictim #recycling #premiernewearthrecycling #unqualified #commission #fatcommissins #boguslife #unsophistocated https://www.instagram.com/p/Btxsv08CmRX/?utm_source=ig_tumblr_share&igshid=1m0pkns15y12k
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pensionlifeblogs-blog · 6 years ago
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Here are some examples of OMI’s crashes in the past six years: * Axiom Litigation Fund – this was a PROFESSIONAL-INVESTOR-ONLY fund which was routinely used by rogue IFAs for ordinary, retail investors (and from which the IFAs earned fat commissions). OMI offered the Axiom fund on the bogus “life assurance” platform. And when the fund went into administration in December 2012, OMI shrugged its shoulders and said “not our problem“. And kept charging the victims the same fees as if the £120 million loss hadn’t happened. OMI knew that many of the IFAs had been neither regulated nor qualified and that the investors were unsophisticated, low-risk, retail customers. Read the full blog here: https://pension-life.com/vueling-v-old-mutual-international-pension-scam-victims/ #pensionlife #pensionscam #axiom #retailinvestments #omi #oldmutualinternational #expat #Britishexpat #boguslife #bogusinvestment #lifeassurance #planecrash #planesafety #planejourney #vueling #airlinelosses #lostluggage #compensation #notourproblem #badinvestment #goodinvestment #ifa #unregulatedfirm #sixyears https://www.instagram.com/p/BtxsZR4CrR-/?utm_source=ig_tumblr_share&igshid=10x9p1181vysq
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