A friend who doesn't do BBS sites has asked me how he can find out if a company his wife has found are legit, to be trusted etc etc.

They are Pensionlite.

http://www.pensionlite.co.uk/

I think my friends want advice on getting more/the most from their pensions, but don't want to risk losing them to a risky company.

Any advice gratefully accepted.
Thanks.

 

Can't comment on the above.

We use Lucas Fettes

http://www.lucasfettes.co.uk/

Ask for Angela

 

I think that's the company with its head office in Lagos.........

dl

 

Really?

How can I find out?

 

They will ask you for your bank sort code, account. password and date of birth when you call them to check.

They also have $250m to deposit in to your account, if you can wire them £1000 by Western Union.

 

Company check reveals there is no company with that name registered in the UK.

 

https://www.fsa.gov.uk/register/firm...0__?sid=183312

Here is the FCA registration for AdviceLite

Would suggest looking for a local adviser and giving them a call first - an adviser that is prepared to give advice for a small fee rather than the first question being "How much you got?" is more likely to provide good unbiased advice.

 

Thanks to all responders.
Turns out the friends have already been in contact with the above, sent them paperwork etc etc, but signed nothing and not divulged any bank details.

They have now put a stop on it all.

Apparently, he wants a new car and wants to dip into his pension pot for it...I've told them to look at a cheap loan instead and leave the p/p alone.

Any thoughts?

 

Depends how old they are ...

They can extract funds from their Pension - without charges, simple by contacting the Trustees.

I would hire a FSA if they want advice .... but I do believe that the Trustees will allow withdrawal if he asks (and there is no charge then).

 

I would recomend speaking to a IFA as there may be tax due to be paid on any monies drawn from a pension pot....