Newsgroup: it.lavoro.consulenti
Titolo: Pensioni previdenza integrativa complementare sostitutiva = TRUFFE - Leggi!

Come al solito importiamo i fallimenti dall'estero. E come se non
bastasse anche quelli vecchi e stravecchi...
Ecco una sfilza di mega-frodi avvenute nel Regno Unito di Gran Bretagna
e nord Irlanda.
Gli inglesi hanno da anni le spalle bruciate dagli schemi di pensioni
private e/o corporative ora tocca ai polli italiani !
Se non sai leggere l'inglese, mettiti al sicuro: STAI LONTANO/A dalle
pensioni private!!!
Francesco Errante
www.PagineRosse.tk
Tratto da :
http://www.pensionsorter.co.uk/pensions_scandals.cfm
UK Pensions Selling Scandals
Introduction
The Personal Pension Scandal
Maxwell
National Bus Company
Equitable Life
Income Drawdown controvesy
FSAVCs Scandal
SERPS "mis selling scandal"
Who can you trust?
Introduction
There were various scandals that arose in the past few years to dent
the reputation of the pensions world. They came mainly from the
launching of personal pensions in 1988 which were supposed to extend
"consumer choice".
Bear in mind that most of the following scandals relate to how the
pensions were sold and not the fact that there's anything wrong with
the concept of personal pensions themselves.
The main issue raised is who is supposed to guard the pension funds
from acting improperly.
The highly paid suits who are supposed to do this almost always appear
to have been completely negligent when a scandal surfaces. However,
aApart from a few slapped wrists they aren't held liable and often seem
to end up with big pay offs and new board room jobs.
The poor pensioners don't tend to do quite as well.
Perhaps the biggest scandal of the pensions business is how it has made
a lot of people very wealthy but only a tiny minority have been
pensioners
The Personal Pension Scandal
The most significant scandal was caused by people being persuaded,
wrongly, to move away from their occupational pensions into personal
pensions during the late 80's and early 90's.
This is been blamed on a change in the law by the Conservative
government in the 80's who stopped employers making their Occupational
Pension plans compulsory for all employees, thereby opening the way for
the newly introduced personal pensions.
Helped by carefully orchestrated sale drives personal pensions sold
well and the financial services industry enjoyed a huge boom - some
would say a feeding frenzy.
But it gradually became clear that people who had changed from their
occupational pensions into personal pensions were much worse off as a
result - e.g. due to the loss of the employers' contributions as well
as some of the personal pensions being bad buys thanks to their charges
and lack of flexibility.
If you feel you may have been mis sold your pension, the company which
sold it to you must give you an information pack on the scandal. If you
feel you may have been a victim of mis-selling contact the Financial
Services Authority (FSA). Note: This was supposed to have been before
the deadline of 31st March 2000 but try them anyway.
The FSA was dealing first with most of the priority cases i.e. people
closest to retirement or already on a pension.
The next phase involved the estimated 2 million plus who have also been
mis sold a personal pension. This is due to be completed by June 2002.
However so far only about half the estimated victims have contacted
their pension provider to ask for a review.
For further reading on this check the article Broken English by a US
research group which gives an interesting outside perspective into the
scandal and UK personal pensions in general.
Maxwell
More bad news about pensions came when it was revealed that the Mirror
Group Pension fund had been plundered illegally by the business
"tycoon" Robert Maxwell.
Workers who saved for years have got reduced pensions as a result and
several years on, none of the highly paid professionals who were
supposed to be taking responsibility for the security of the pension
fund has been significantly punished.
National Bus Company
In addition there have been other bad stories which have continued to
tarnish the subject of pensions in the mind of the public e.g. the
former publicly owned National Bus Company which was sold off by the
Conservative government who then allowed its pension fund surplus to be
counted as an asset of the privatised company.
In other words this benefited the shareholders and not the staff -
whose money had built up the pension fund.
The continued efforts of the workers to have this overturned has led to
a steady stream of news about it over the years.
Equitable Life
Recently one of the most well respected pension providers, Equitable
Life, has been brought to its knees when it reneged on its promise to
pay guaranteed annuities to its members who paid over the odds for
them.
Despite reportedly being awarefor years of the looming problem ie that
it would not be able to meet its commitments the only action taken by
anyone responsible was to pay huge sums to defend itself against its
disgruntled members who had taken it all the way to the highest court
in the country, the House of Lords.
It lost the case but there are no winners.
The savers have lost out hugely and at the time of writing it seems
clear that Noo Labour is determined to avoid any compensation.
It now seems that Equitable Life may go bankrupt at any time. The new
board of Directors is apparently suing the former directors who it
holds responsible.
With all the information we're putting out it's unlikely that we'll get
round to updating this section so for further info on this look in
Google for press mentions of the sorry saga.
Income Drawdown controversy
Despite all the publicity about the "personal pensions scandal" there
are now concerns about income draw down policies and pension top up
plans.
Income draw down is a highly specialised part of the pensions market
and is relatively new, having only been introduced in 1995.
On retirement, instead of buying an annuity you have the option to
"draw down" an income directly from your pension fund while leaving the
remainder invested. With annuity rates being so low in recent years
people were encouraged to think that income draw down was a solution.
But its main attraction is the death benefit situation - whereby you
can pass the pension fund on to your loved ones - unlike buying an
annuity where you have already "traded it in" for a regular payment.
In any event, by the time you are 75 you will have had to buy an
annuity. But if you have meanwhile been taking significant sums from
your pension fund, (i.e. through income drawdown) and returns from your
investments are insufficient, this means your annuity could be much
lower than if you had brought it straight away.
During 1999 the PIA carried out inspection visits to a number of firms
and found their admin. records were so poor that it was unable to
verify that all sales of income draw down products were made in the
best interests of the clients.
While it eventually chose not to discipline anybody it issued a warning
that advisors and product providers had to improve things.
FSAVCs Scandal (Free standing additional voluntary contributions).
These are extra payments made by a saver into their current pension
schemes and have reportedly been sold when AVCs would have been a
better option.
In 1999 the regulator ordered an investigation into 10% of sales in the
previous decade. While this issue is seen as highly debatable and much
less obviously mis selling than the major selling scandal (i.e. getting
people out of company pensions into personal pensions) it just goes to
show that you have to be very careful when buying financial products in
the good old UK.
SERPS "mis selling scandal"
This hit the headlines in March 2000. Basically SERPS was changed in
the 80's by the Conservative government, including the loss of full
SERPS entitlement to a surviving spouse.
This is now cut to half of what the deceased was originally entitled
to. Unfortunately the DSS kept forgetting to tell anyone of this change
- despite the deliberate delay (from the mid 80s until 2000) "to get
people used to the idea".
So for all those who happily thought there was no need to make extra
savings for when they died, their spouses will now be worse off. The
cost of rectifying this is being placed at £8 billion. Oops.
Initially it looked as if the only pensioners who'd get any
compensation were those who asked specifically about what would happen
to their spouses re SERPs if they died and COULD PROVE they were misled
by the DSS.
However, the Labour government has announced a compensation scheme for
those affected.
This is the latest lesson in the importance of how you must GET IT IN
WRITING and keep it filed away.
Who can you trust?
You cannot simply rely on the regulators to protect you.
The pension selling scandals have shown that it takes them quite some
time to wake up to the problem and even longer to do something about
it. Eventual compensation takes years. Even if you have a strong case
it's not guaranteed - as with the SERPS case above.
The best thing to do is to RELY ON YOURSELF.
Make sure that you are taking the right advice and that you understand
what you are buying. Use your common-sense e.g. spread your nest eggs
around different baskets and so on.
Then GET IT IN WRITING.
Phone calls and words may not be good enough as evidence several years
later. Keep a record of the process. Even if it's rough notes of phone
calls etc KEEP A RECORD OF THE PROCESS AND KEEP IT SAFE
Pick an IFA carefully and arm yourself with the basics available from
sources like this website.
The best thing to do is to make sure that you are taking the right
advice and that you understand what you are buying.
Remember that the basis of English Law in such matters is Caveat Emptor
- meaning BUYER BEWARE. Get the picture?

 ha scritto nel messaggio 
news:1133301148....@g47g2000cwa.googlegroups.com...
Sul tuo sito leggo.....
"L'autore, a comprova dell'obbiettivitá di questo sito, si impegna a 
continuare a sputtanare i prossimi Governi, siano essi di destra che di 
sinistra, con la stessa dedizione usata verso l'odierno Governo 
Berlusconi."
I siti linkati al tuo sito pero' sono tutti siti piu' o meno comunisti, 
no global e di disinformazione di sinistra.
Qualcosa non mi quadra......
Clas

 Qualcosa non mi quadra......
Clas ..mi meravigli! credi ai sinistri? 

 ha scritto nel messaggio 
news:1133301148....@g47g2000cwa.googlegroups.com...
Come al solito importiamo i fallimenti dall'estero. E come se non
bastasse anche quelli vecchi e stravecchi...
Che ne pensi dei no global?
Che ne pensi di tutti i cittadini Genovesi che hanno avuto le auto distrutte 
e che continuano a pagare finaziamenti e leasing di beni che non hanno più?

"The Punisher" <thelast...@pista.meq> ha scritto nel messaggio 
news:dmik6c$23v8$1...@usenet2.ath.cx...

Voglio sentire come si giustifica.....
Clas

 ha scritto nel messaggio 
news:438cd563$0$13263$4faf...@reader2.news.tin.it...

è scappato! 

Aspetta che Mortadella & Margherutello salgano al potere e poi vedi...
Gia' il Margherutello l' ho sui coglioni per la sua contiguita' con
Ferdinando Latteri, noto anche come il " Magnifico Pentito " di sForza
Italia.
Francesco Errante
www.PagineRosse.tk