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Re: Chess and Pension Fraud - allegation

Posted: Tue Dec 17, 2019 8:08 pm
by Roger Lancaster
John McKenna wrote:
Tue Dec 17, 2019 7:21 pm
Roger L>Having spent many years in the pensions industry, I'd endorse Nick's point that there are genuinely valuable products available.<

As a member of the financial illiterati it behoves me to ask how I could take advantage from the acquisition and enjoyment of one of these genuine instruments?

Is it in any way, shape or form like searching for a Stradivarius among a veritable forest of fiddles while a considerable choir of smoothing salesmen serenade - along the lines of sing something for simpletons?
First thing I should say is that I'm now retired from the pensions industry and consequently not authorised [Financial Conduct Authority] to give advice. Second, you should only listen to people who are so authorised - although you might as well listen to these few words from me as I'm not trying to sell you anything. Third, remember the "If it's too good to be true" maxim. Fourth, because it is indeed a little like your violins, deal only with institutions which are as near as possible 100% reliable and where you can reasonably assume you will have redress if things go wrong. Fifth and final, be prepared to seek [and pay for - there's another maxim about free lunches] a second opinion from a disinterested professional if you're in any doubt. Others may be able to add to and/or improve on this list.

Re: Chess and Pension Fraud - allegation

Posted: Tue Dec 17, 2019 9:40 pm
by John McKenna
Thanks for that free and frank advice, Roger.

I'll file it with my collection of Angela Knight apologias.

https://en.m.wikipedia.org/wiki/Angela_Knight

I get the impression that breaking into the financial inner circles is the monetary equivalent of joining the hierarchy of Masonic lodges.

Re: Chess and Pension Fraud - allegation

Posted: Tue Dec 17, 2019 9:47 pm
by NickFaulks
John McKenna wrote:
Tue Dec 17, 2019 9:40 pm
I get the impression that breaking into the financial inner circles is the monetary equivalent of joining the hierarchy of Masonic lodges.
You may not be wrong.

Re: Chess and Pension Fraud - allegation

Posted: Wed Dec 18, 2019 11:16 am
by Kevin Thurlow
"I get the impression that breaking into the financial inner circles is the monetary equivalent of joining the hierarchy of Masonic lodges."

They're probably not mutually exclusive...

Re: Chess and Pension Fraud - allegation

Posted: Wed Jan 08, 2020 2:24 pm
by Angus French

Re: Chess and Pension Fraud - allegation

Posted: Wed Jan 08, 2020 2:31 pm
by Roger de Coverly
Angus French wrote:
Wed Jan 08, 2020 2:24 pm
Piece in the FT
Also at
https://www.businessfast.co.uk/chess-bo ... nsions-row

in which
“Once this issue has been drawn to their attention, the ECF should cease to have any business arrangements with grandmaster Simon Williams,” said Mick Norris, past president of the Manchester Chess Federation and chartered financial planner with PCFP, a firm of independent financial advisers.

Re: Chess and Pension Fraud - allegation

Posted: Wed Jan 08, 2020 2:53 pm
by JustinHorton
Hang on, have they just ripped off the FT's piece uncredited?

Re: Chess and Pension Fraud - allegation

Posted: Wed Jan 08, 2020 3:34 pm
by Roger de Coverly
JustinHorton wrote:
Wed Jan 08, 2020 2:53 pm
Hang on, have they just ripped off the FT's piece uncredited?
I get the impression "businessfast" is an FT brand name. Direct links to the FT have a high failure rate, because they usually provoke a paywall.

https://www.businessfast.co.uk/best-of-ft-money-2019/

Re: Chess and Pension Fraud - allegation

Posted: Wed Jan 08, 2020 3:39 pm
by JustinHorton
Roger de Coverly wrote:
Wed Jan 08, 2020 3:34 pm
JustinHorton wrote:
Wed Jan 08, 2020 2:53 pm
Hang on, have they just ripped off the FT's piece uncredited?
I get the impression "businessfast" is an FT brand name.
I very much doubt it. I can find stories from other outiets on their site, which appears to say nothing at all about who runs it and would at any rate be unlikely to carry stories uncredited if it were indeed linked to the FT.

Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 4:55 pm
by Paul Heaton

Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 5:30 pm
by Matt Bridgeman
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Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 5:39 pm
by Roger de Coverly
Matt Bridgeman wrote:
Mon Sep 25, 2023 5:30 pm
Is this judgement now saying that no, he benefited to the tune of £730,000? It’s probably appealable presumably.
I think it's saying that the victims suffered losses to that extent.

Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 5:44 pm
by Matt Bridgeman
.

Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 7:19 pm
by Matt Mackenzie
Matt Bridgeman wrote:
Mon Sep 25, 2023 5:30 pm
Paul Heaton wrote:
Mon Sep 25, 2023 4:55 pm
Further development:

https://www.pensions-ombudsman.org.uk/n ... ermination
I try not to put my size 11’s in it, but didn’t Simon Williams come on this thread and make a fairly convincing argument that he was an entirely innocent party, who was found to be blameless by HMRC? Is this judgement now saying that no, he benefited to the tune of £730,000? It’s probably appealable presumably. Some new names there too, so at least a GM, an IM and a FM.
Glenn House is presumably the FM, but I don't see any IM mentioned in that link?

Re: Chess and Pension Fraud - allegation

Posted: Mon Sep 25, 2023 7:26 pm
by Ian Thompson
Matt Mackenzie wrote:
Mon Sep 25, 2023 7:19 pm
Glenn House is presumably the FM, but I don't see any IM mentioned in that link?
It's Gary Quillan - see https://www.ft.com/content/1f794f0c-20b ... c92e957a96