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‘Identity fraud being ignored by the police’

An IFA who fell victim to identity fraud has blasted the Government’s latest clampdown on terrorist money launder- ing as hot air.

Mint Financial Services adviser Richard Blackshaw says the police are failing to back up the recent Bank of England demand for IFA vigilance and are turning a blind eye to identity fraud despite it being used in a third of all terrorist, organised crime and money-laundering activity according to the Home Office.

The Bank of England rec-ently called for trade bodies to alert IFAs and product providers to be vigilant against the movement of terrorist funds in the wake of the London bombings.

Blackshaw recently uncovered a plot to obtain a 10,000 loan using his late mother’s details. When visiting his mother’s house a year after her death, he discovered a letter from Royal Mail redirecting all mail to an unknown address and then found a letter saying that his mother had been successful in a loan application.

South Yorkshire Police managed to stop the loan from going through but is refusing to investigate further despite protests from Blackshaw.

South Yorkshire Police told Blackshaw that it would not investigate the claim because until the fraudster obtained goods or cash as a result of the deception, no actual offence has been committed.

But a Home Office spokeswoman says: “It is a crime to attempt to commit fraud and it is a crime to attempt to use someone else’s details to commit fraud but it is always up to the police to decide what to investigate.”

Blackshaw says: “Everything said by the Government is hot air. The people responsible for this attempted fraud could have been terrorists but the police did not even try to catch them. The FSA say it is not in their remit and the police are refusing to follow it up.”


Towry recovers to 1.6m profit

Towry Law sees 1.6m profit in the first half of 2005, following a 0.1m loss in the same period last year. Turnover increased for the period, despiteTowry losing 25 per cent of advisers writing business. It now has 175 registered individuals.A Henderson spokesman says: We anticipate Towry Law UK will remain profitable in second half […]

They think it’s all Strover

Life insurance generally, and business insurance in particular, is vastly underadvised, undersold and under- bought (is that a word?). Surprised? I thought not.

DWP issues reports on hybrid pensions

The DWP has published three independent studies into hybrid, or risk sharing, pension scheme designs to increase knowledge of these plans and promote discussion and better understanding of them within Government and the pensions industry.

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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