Introduction About Site Map

XML
RSS 2 Feed RSS 2 Feed
Navigation

Main Page | Blog Index

Wednesday, March 1st, 2023, 3:48 pm

Is NOW: Pensions a Scam?

Video download link | md5sum ee817ed1743c77954138a53082fbdbc1
Pension Providers That Lie
Creative Commons Attribution-No Derivative Works 4.0

Summary: Based on my own experience and a multi-month investigation (dealing with several pensions going back 12 years), pension funds in the UK are truly awful and definitely not trustworthy; colleagues too are receiving no replies to very simple enquiries and money just goes ‘missing’ with neither notification nor explanation, probably plundered by failing companies like Sirius ‘Open Source’ (which does not obey laws and keeps hiding)

THE video above is hopefully a good enough roundup of what’s happening or has been happening at Sirius ‘Open Source’ when it comes to pensions alone. We’ve been covering the subject every month since December and the latest is a whole mini-series about “Sirius ‘Open Source’ Pensiongate”. Earlier today we finally named one of the culprits (after months of frustrating lies) and the above plays a portion from a 26-minute phonecall (0:34-1:00, 7:06-7:40, 15:40 onward, 18:10-20:10, 21:05-25:03), basically skipping personal details, waiting time, and the duration they put me on hold (for over 8 minutes). The person who picked the call said he “spoke to a colleague of mine” and insisted that it “takes more investigation” or it’s “longer to process”. But it has been 20+ days since that call and his promise of letters within 5 working days wasn’t fulfilled. To make matters worse, I’ve contacted them by E-mail several times since then and they’re not even replying.

The conclusion of the series will be, no matter where you live and irrespective of how “reputable” a firm may be, if you have a pension you need to check that it is really there; either the employer or the pension providers can run away with the money without notifying anybody. Do not take anything for granted. Many of these things are like Ponzi schemes or scams. Compare to these, “bullshit jobs” are reasonably benign.

Technical Notes About Comments

Comments may include corrections, additions, citations, expressions of consent or even disagreements. They should preferably remain on topic.

Moderation: All genuine comments will be added. If your comment does not appear immediately (a rarity), it awaits moderation as it contained a sensitive word or a URI.

Trackbacks: The URI to TrackBack this entry is:

https://schestowitz.com/Weblog/archives/2023/03/01/is-now-pensions-a-scam/trackback/

Syndication: RSS feed for comments on this post RSS 2

    See also: What are feeds?, Local Feeds

Comments format: Line and paragraph breaks are automatic, E-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Back to top

Retrieval statistics: 21 queries taking a total of 0.117 seconds • Please report low bandwidth using the feedback form
Original styles created by Ian Main (all acknowledgements) • PHP scripts and styles later modified by Roy Schestowitz • Help yourself to a GPL'd copy
|— Proudly powered by W o r d P r e s s — based on a heavily-hacked version 1.2.1 (Mingus) installation —|