The Financial Services Authority (FSA) has issued a warning to investors about using an unauthorised business identifying itself as Cash My Pension.
The FSA warned the business is not permitted to carry out regulated activities or promote them in the UK, including managing investments such as personal pensions. An FSA spokesperson said they could not confirm what kind of services Cash My Pension has been offering to clients. Cash My Pension was targeting UK consumers, the regulator said. The web address listed by the FSA for the firm no longer exists. Anyone dealing with the firm would not be covered by the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS). In June, the FSA issued a warni...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
